Mises Wire

Can Gradual Interest-Rate Tightening Prevent a Bust?

Money and BanksMoney and Banking

Tightening the money supply "too fast" is not what causes economic busts. Creating money "out of thin air" is the real problem.
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Congress Will Make Sure Taxpayers Keep Sending Money to Terrorists

Cronyism and CorporatismWar and Foreign Policy

Rand Paul's legislation — banning funding of weapons for terrorist-connected organizations — has little chance in a Congress addicted to war spending.
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Changes in the Money Supply Don't Cause Business Cycles

Money and BanksMoney and Banking

Business cycles do not result from mere fluctuations in the money supply. What is needed is that the changes occur with money made "out of thin air."
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Central Banks' Obsession with Price Stability Leads to Economic Instability

Money and BanksMoney and Banking

The Fed's monetary policies that aim at stabilizing the price level actually undermine economic fundamentals.
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Can Technology Prevent a Recession?

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
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