Mises Wire

A Nuclear War? Over Venezuela?

War and Foreign Policy

Blog05/08/2019

How ironic that Pompeo and the rest of the neocons in the Trump administration are ready to violate the US Constitution in order to attack Venezuela to “restore their constitution.”

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The Scaremongers Are Wrong about Robots and AI

Labor and WagesPoverty

Blog04/29/2019

Even if a machine were technically capable of providing the same service more cheaply, many consumers are likely to prefer human staff in many cases, including nurses and care providers, entertainers, chefs, and teachers.

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Central Banks Are Propping Up Stock Prices

Blog04/11/2019

In the short term, a central bank can drive up stock prices by lowering the interest rate. In the longer term, it could sap the strength out of an economy.

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It's Not a Recession, It's a "Global Economic Slowdown"

Blog04/03/2019

Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.

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Central Banks Are Messing with Your Head

Blog03/21/2019

By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.

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Deflation Fears Drive Developing Countries to Even Lower Interest Rates

Blog03/18/2019

While the US's central bank strikes a "cautiously optimistic" stance (as usual), central banks in developing countries are driven to easy money by economic uncertainty and a weakening dollar.

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No, Robots Won't Make Us All Unemployed

Labor and Wages

Blog03/11/2019

We are better off not needing twelve people with shovels to do the same thing as a single bulldozer. Robots are not fundamentally different from a bulldozer.

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The Fed Is Seizing Even More of the Marketplace

The FedFinancial MarketsMoney and Banks

Blog03/04/2019

The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.

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