Mises Wire

In Times of Crisis, We Need Freedom More Than Ever

Blog05/15/2020

Determining which businesses shall be open and how many people shall be allowed to gather is just another form of central planning. And central planning schemes have never ended well.

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Why Does Brazil’s Bolsonaro Refuse To Lock Down His Country's Economy?

HealthLegal SystemPoverty

Blog05/11/2020

While the Left has agitated for more government spying and harsher "lockdowns," Brazil's president—perhaps fearing economic implosion—has been reluctant to crack down.

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How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

Blog05/09/2020

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.

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Money Velocity and Prices

Production TheoryValue and Exchange

Blog05/09/2020

Prices and purchasing power are determined by how individual consumers value goods and services. The "velocity of money" won't help us understand prices or the money supply.

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Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

Blog05/05/2020

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

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In Defense of Landlords

CapitalismLabor and Wages

Blog05/04/2020

Landlords invest their stored labor—savings—at a risk and with the knowledge that they won't recoup it for some time. In creating or renovating rental properties, they aid those who can't store their labor yet—tenants and laborers.

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Money Pumping Won’t Fix What’s Wrong with the Economy

Booms and BustsMoney and Banking

Blog05/02/2020

The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.

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Government Regulation against "Monopolies" Only Lowers Our Standard of Living

Monopoly and Competition

Blog04/29/2020

The whole idea of government regulating so-called monopolies in order to promote competition is based on fallacies. If anything, such intervention only stifles market competition and lowers living standards.

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