Mises Wire

Ethnic Prejudice and Wealth Gaps: Does the First Lead to the Second?

Economic PolicyMedia and CultureU.S. History

Blog09/14/2023

As politicians at all levels debate paying black Americans "reparations" for chattel slavery, a careful study of the wealth gaps between ethnic groups shows that ethnic prejudice explains very little. Other factors matter more.

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The White House, the Fed, and the Economy: Mises Circle in Fort Myers, FL

Blog09/14/2023

Join Bob Murphy, Patrick Newman, Jonathan Newman, and Murray Sabrin in Florida this November.

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Hollywood Meets the Austrian Business Cycle

Booms and BustsMedia and CultureU.S. EconomyBusiness Cycles

Blog09/14/2023

Hollywood can create stories from thin air, but when the film industry creates malinvestments, there is a bust in the future.

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Why the Fed's Tight Rate Stance Damages the Economy

InflationMonetary PolicyU.S. EconomyGold Standard

Blog09/13/2023

In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.

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No, Governor, Rights Are NOT Government-Issued Privileges That You Can Suspend

LawMedia and CultureProgressivismProperty RightsThe Police State

Blog09/13/2023

The recent executive order by New Mexico's governor suspending gun rights in part of the state demonstrates not only her ignorance of the law, but also her greater ignorance of the origin of rights.

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Three Reasons Why Military Recruitment Is in Crisis

Taxes and SpendingWar and Foreign Policy

Blog09/12/2023

It's easy to see why many young people don't find military service especially enticing. The US military lost in Iraq and Afghanistan, and the usual regime propaganda may not be working anymore. But we'll only know the full extent of the "problem" once unemployment starts to go up. 

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Lots of Red Ink at the Fed

Money and Banks

Blog09/12/2023

The Fed wants you to believe that neither its negative capital nor its giant losses matter because it is the Fed and can print money. But it does matter because the Fed’s losses will cost not only it, but also the Treasury and the taxpayers, over $100 billion this year.

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Welcome to the Twenty-First Century American Bankruptcy Show

Booms and BustsCronyism and CorporatismThe FedU.S. Economy

Blog09/12/2023

As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.

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