Mises Wire

What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

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The American Revolution Was a Free-Trade Revolution

Protectionism and Free TradeU.S. History

Blog07/04/2019

The British complained of unfair competition from goods supplied by the American colonists. So the state intervened to manage trade and make it "fair." But the American revolutionaries saw protectionism for the scam it was, and still is.

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Trump's "Salute to America" Is a Salute to Government Employees

07/03/2019Power & Market

If Americans really wanted to celebrate the spirit of the Declaration, they'd demand a parade of smugglers, tax cheats, and secessionists.

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American Policy Pushes Iran Toward Nuclear Weapons

War and Foreign Policy

Blog07/02/2019

There is no evidence that Iran is likely to capitulate to American demands. The historical record demonstrates that great powers can inflict enormous punishment on their adversaries and yet the pain rarely causes target states to surrender.

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Phony Economic Growth Stats Conceal Deep Problems on Main Street

Money and BanksMoney and Banking

Blog07/02/2019

Government manipulation is shifting wealth from Main Street to Wall Street. But most people don't see the growing gap between the growth of financial wealth and the real economy.

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The Economics of Healthcare: Market Failure or Faulty Models? (Part 2)

Health

06/28/2019Audio/Video
Accad and Koka discuss with Bob Murphy how economists conceive (or misconceive) of medical care, and what the implications are for the US healthcare system as a whole.
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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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