Mises Wire

Yes, QE Creates Wealth Effects

The FedFinancial MarketsMonetary Policy

Blog07/24/2020

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

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You Don't Have to "Cultivate Poverty" to Pursue Truth, Contrary to Thoreau

CapitalismMedia and CultureU.S. History

Blog07/11/2020

Henry David Thoreau left behind many great admonitions. Alas, philosophical gems are not legal tender when rent is due.

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You May Be Biased — But That Doesn't Make You Wrong

Philosophy and Methodology

Blog07/19/2019
Yes, many researchers are biased. But as Mises noted: "Reference to a thinker's bias is no substitute for a refutation of his doctrines by tenable arguments."
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You Can't Run a Government "Like a Business"

Bureaucracy and RegulationFree MarketsEntrepreneurshipValue and Exchange

Blog08/03/2018

Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.

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Yes, Economic Laws Still Apply to the Minimum Wage

Bureaucracy and RegulationValue and Exchange

Blog04/18/2018

Noah Smith has written yet another "popular" column challenging established economics assumptions. But he's really only appealing to his reader's established biases.

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