Mises Wire

Let's Hope Deflation Is Headed Our Way

InflationMonetary PolicyProduction Theory

Blog05/20/2020

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.

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Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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Luis María Pastor Copo: A Spanish Forerunner of the Austrian School

World History

Blog07/07/2018

Pastor built on the work of the French liberals, and anticipated  many of the later insights of the Austrian School.

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Low Unemployment Is Not the Cause of Inflation

Money and BanksMoney and Banking

Blog04/16/2018

An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.

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Like Returning Gifts? Thank the Market

EntrepreneurshipMonopoly and Competition

Blog01/04/2018
For Austrians, competition entails not only vigorous price cutting, but intense competition in terms of product quality, return policies, and more.
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Low Interest Rates Subsidize Wealthy Households

Money and BanksMoney and Banking

Blog10/21/2017
Wealthier households are often able to benefit more from low interest rates than can lower-income households.
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Ludwig von Mises as a Social Rationalist

Philosophy and Methodology

Blog01/17/2017

Joseph Salerno's essay "Ludwig von Mises as a Social Rationalist," is now available in a new easier-to-read version.

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