Mises Wire

How Human Action and Human Values Determine Prices

SubjectivismValue and Exchange

Blog04/20/2019

Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being. 

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Greg Mankiw Loves the Federal Reserve—and the Labor Theory of Value

Economist Greg Mankiw confesses: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other economists love the Federal Reserve, too.

04/19/2019Power & Market
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The Neutral Interest Rate: The Fed's Impossible Goal

Blog04/13/2019

A "neutral" interest rate cannot be observed through any statistical test or public policy. But central bankers are sure they can find it and use it to endlessly tinker with the economy.

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Does Economic Stability Contribute to Growth?

Blog04/10/2019

Attempts at stabilizing the economy distort economic signals and cause economic instability, rather than preventing it.

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A Conspiracy of Silence on The French Liberal School

Global EconomyWorld HistoryOther Schools of Thought

04/09/2019Mises Daily Articles
J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.
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Can Government Stimulus Bring Us Out of Recessions?

Money and BanksMoney and Banking

Blog04/02/2019

Expansionary monetary policy causes economic recessions. It doesn't cure them.

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Hoppe and the Art of Economic Controversy

Money and BanksMoney and Banking

Blog03/29/2019

Joseph Salerno discusses the Hoppean method of addressing economic controversies.

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Hello Jerome Powell, We Have Questions

Blog03/29/2019

Given the Fed has never spotted a bubble in real time, why should anyone believe we aren't in one right now?

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