Mises Wire

Is the Japanese Low Inflation–Low Interest Rate Model at an End?

CapitalismCentral BanksEconomic PolicyMoney and Banks

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

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"Stakeholder Capitalism" Is an Incoherent Term

Bureaucracy and RegulationCapitalismProgressivismU.S. Economy

Blog6 hours ago

One of the modern progressive buzzwords is "stakeholder capitalism," in which people with no direct connection to a firm somehow have a "stake" in what the firm does. It is an incoherent term.

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Social Security Taxes Aren't "Your" Money

U.S. Economy

Blog6 hours ago

The government can't return the SS money it stole in the past. It's impossible. That money's gone. Taxing today's workers to "pay back" pensioners is just creating a new group of tax victims. 

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Why the End of the Petrodollar Spells Trouble for the US Regime

Money and BanksU.S. EconomyWar and Foreign Policy

Blog01/31/2023

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power. 

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The End of Monetary Hedonism

The FedU.S. Economy

Blog01/31/2023

What happens to a society when spending is encouraged and saving is for chumps? 

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Empty Malls and Shopping Centers: How Government Fuels Malinvestments

Booms and BustsCorporate WelfareCronyism and CorporatismInterventionism

Blog01/31/2023

The empty shopping mall: a story of how government actions created a huge malinvestment in western Pennsylvania.

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Fighting Inflation Really Means Fighting the Federal Reserve

The FedInflation

Blog01/31/2023

These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists."

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How Fast Should the Money Supply Grow?

InflationMonetary PolicyMonetary Theory

Blog01/30/2023

As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.

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