Mises Wire

Central Banks Claim to Preserve the Value of Money through Inflation

Central BanksInflation

Blog1 hour ago

Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.

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In Latest Recession Signal, Money-Supply Growth Plummeted to a Three-Year Low in August

Money Supply

Blog09/28/2022

The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve. 

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No, Ordinary Russians Are Not Responsible for the Crimes of the Russian Regime

World History

Blog09/28/2022

In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one.

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History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin

The FedInflationProgressivismGold StandardMonetary Theory

Blog09/28/2022

The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.

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Cryptocurrency as Money—Store of Value or Medium of Exchange?

BitcoinMonetary TheoryPraxeologyValue and Exchange

Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?

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Escaping Russia's Military Draft Is an Act of Self-Defense

World History

Blog09/27/2022

Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense.

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Student Loan Forgiveness Treats the Symptom, Not the Disease

Cronyism and CorporatismProgressivismTaxes and Spending

Blog09/27/2022

President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high.

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Genuine Recovery Is Up to Investors, Producers, and Consumer Choice

Booms and BustsFree Markets

Blog09/27/2022

Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.

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