Mises Wire

How the Left Uses "Public Health Crises" to Get What It Wants

Blog07/09/2020

"Public health crisis" is essentially a left-wing stock phrase at this point, as is reflected by the fact that the solutions proffered to the social ills in question are virtually always some sort of government regulation or income redistribution scheme.

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How Central Banks Destroy Money's Purchasing Power

Central BanksInflation

Blog07/09/2020

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

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The "Old" vs. the "New" Liberalism

Blog07/08/2020

The enemies of the system of free enterprise paid liberalism an unintended compliment when they applied the name "liberal" to their own creed, historically the opposite of what liberalism stood for from the start.

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Stocks Always Go Up. Until They Don't.

Blog07/08/2020

When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.

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How Government Regulations Make Housing Unaffordable

Bureaucracy and RegulationFree MarketsPoverty

The story of how housing became so unaffordable for so many is a tragic one. But this is a story of our own making, thanks to decades of misguided government regulations.

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How the Left Exploits Antiracism to Attack Capitalism

U.S. History

Blog07/07/2020

The forces of anticapitalism have long latched on to whatever best suits them for pushing their agenda. Whatever the latest injustice may be—from a polluted environment to poverty to racism—the solution is always the end of capitalism.

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Mises on the Velocity of Circulation

Monetary Theory

Blog07/07/2020

In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.

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