Mises Wire

Does Milton Friedman's "Plucking Model" Refute Austrian Business Cycle Theory?

Blog11/06/2019

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

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The IMF Wants the World to Embrace Sweden's Ineffective Carbon Tax

The EnvironmentGlobal EconomyTaxes and Spending

Blog11/06/2019

Despite the IMF’s claims to the contrary, the case of Sweden actually shows that a political “solution” to climate change is ineffective.

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The American Middle Class Isn't Disappearing — But it's Not All Good News

U.S. EconomyU.S. History

Blog11/05/2019

Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.

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The Austrian Entrepreneur Versus the Romanticized Entrepreneur

Blog11/05/2019

Many entrepreneurs go into the marketplace with romantic and abstract notions of how markets work. But there's nothing romantic or abstract about the losses incurred by failed entrepreneurs. 

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Per Bylund on The Laws of Agile

The EntrepreneurEntrepreneurship

11/05/2019Audio/Video
Hunter Hastings and Per Bylund discuss specific examples of how Austrian economics helps entrepreneurs go beyond current management best practices to achieve a new level of value creation.
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