Mises Wire

Why Behavioral Economics Isn't Very Useful

Philosophy and Methodology

Blog11/22/2019

Behavioral economists are masters of comparing apples to oranges and dressing up incorrect statements in fancy language and mathematics.

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WeWork's IPO Disaster and the Problem of Easy Money

The EntrepreneurFinancial Markets

Blog11/18/2019

When operating in an easy money regime, finding investments capable of providing reasonable returns becomes difficult to near impossible. Low risk vehicles are bid down to near-zero returns, pushing investors into ever riskier vehicles to generate enough return to cover objectives.

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Why Friedman Is Wrong on the Business Cycle

Blog11/13/2019

 A common view is the bust is caused by various mysterious factors that have nothing to do with the previous boom. But that the main problem with Friedman’s model is the lack of a coherent definition of what a boom-bust cycle really is.

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Why a "Crypto-Yuan" Won't Threaten the Dollar

China cannot disrupt the global monetary system and dethrone the US dollar when it has one of the world’s tightest capital control systems, a lack of separation of powers and weak transparency in its own financial system

11/12/2019Power & Market
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Why Government Should Not Fight Deflation

Money and BanksMoney and Banking

Blog11/09/2019

The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.

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What Is the Free Market?

11/04/2019Mises Daily Articles
Murray Rothbard defines the phrase free market: "a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents."
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When Billionaires Want to Get Rid of Capitalism

Blog10/29/2019

When asked why they do not just give their money away voluntarily, some billionaires suddenly decide cooperation isn't all that great after all.

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