Mises Wire

Why the Warmongers Are Wrong about China

War and Foreign PolicyWorld History

By what yardstick would we threaten war for the independence of Taiwan but continue to tolerate 60 years of totalitarian repression in Cuba, 90 miles away?

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Biden-in-Wonderland: A $15 Minimum Wage Will Not Increase Business Costs

InflationLabor and WagesUnemployment

Blog05/10/2022

In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.

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Money: What Is It? The More Important Question: Why Is It?

Economic FreedomInflationMonetary PolicyMonetary Theory

Blog05/10/2022

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.

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Student Loans and Government Subsidies: Another Government "Benefit" Creates Financial Chaos

Big GovernmentTaxes and Spending

Blog05/09/2022

Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.

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Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong

Bureaucracy and RegulationThe Environment

Blog05/09/2022

Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.

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Contrary to What Some Economists Claim, the Fed Can't Give the Economy a "Neutral" Rate of Interest

Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory

Blog05/07/2022

Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.

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The Chinese Slowdown: Much More Than Covid

Booms and BustsFinancial MarketsGlobal Economy

Blog05/07/2022

It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.

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