Mises Wire

Capitalism Isn't the Reason We're Unhappy

PovertyU.S. HistoryWorld History

Blog07/26/2019

The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.

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Capitalism Didn't Invent "Keeping Up with the Joneses"

Blog07/25/2019

Competition for wealth and social status was hardly created by the capitalist system. People have always competed for these things. Thanks to capitalism, though, this competition is now less violent, and true poverty is easier to avoid.

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Central Banks are Making "Conservative Investments" Riskier. This Could Be Disastrous for Pensions.

Financial MarketsMoney and BanksMoney and Banking

Blog07/24/2019

The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.

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Consumerism? Why People Spend on "Useless" Status Symbols

Value and Exchange

Blog07/23/2019

People buy things that reflect their value systems — values learned in homes and other non-market institutions. Meanwhile, markets don't force anyone to buy anything.

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Consumers Will Decide If Women's Sports Teams Get "Equal Pay"

Labor and Wages

Blog07/11/2019

If the fans want the women to be paid more than the men, the consumers will have to spend more on watching them.

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CNN Admits There Are Serious Problems with Central Banks' Low-Interest-Rate Policy

Money and Banks

Blog06/27/2019

There is reason to believe low-interest rate policy has lowered productivity, lessened economic growth, and favored large firms at the expense of small firms and innovation. Greater inequality and stagnating wealth has resulted.

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Central Banks Aren't Really In Control of Interest Rates

Money and BanksMoney and Banking

Blog06/22/2019

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

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Cuba Rations Food As Its Socialist Economy Enters Crisis Mode

Socialism

Blog06/11/2019

While many have been talking about Venezuela's food shortages,  Cuba is now implementing a rationing program to combat its very own socialism-induced shortages of basic goods.

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