Mises Wire

Purchasing Power and the Exchange Rate

Money and BanksMoney and Banking

Blog10/18/2018

The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.

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The Problem with Prescriptive "Rationality" in Economics

Calculation and KnowledgeOther Schools of Thought

Blog10/18/2018

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

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Is Technological Know-How the Key to Economic Growth?

Blog10/16/2018

To obtain more economic growth, what is needed is a supply of saved capital to put the advanced technological methods into effect.

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Understanding "Brazil’s Donald Trump"

Global EconomyWorld History

Blog10/15/2018

As they did with Trump, the media categorizes Brazil's Bolsonaro as a “hateful” candidate, but it never tries to take a serious look at how Brazilians have suffered under leftist regimes.

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The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

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The Phillips Curve Myth

Blog10/09/2018

The Phillips curve cannot be a basis for a sound theory of what sets in motion price inflation.

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Can Seasonal Adjustments Help Us Understand the Economy?

Money and BanksMoney and Banking

Blog10/06/2018

All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.    

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The Damage Done by the Kavanaugh Hearings

Blog10/06/2018

No one is discussing Kavanaugh's awful record on the Bill of Rights. Meanwhile, the media is sending a terrible message to women.

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