Mises Wire

The Subsistence Fund Is the Heart of Economic Growth

Money and BanksMoney and Banking

Blog05/11/2019

The "subsistence fund" — created by real savings — is the foundation of true economic growth. But it can be eroded and destroyed by creating money "out of thin air."

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3 Ways to Help Bridge the Racial Wealth Gap

Blog05/08/2019

Occupational licensure, civil asset forfeiture, and an inflationary monetary policy all work to destroy wealth-building opportunities among lower-income and non-white groups.

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What Mises Said about Rothbard

Critics of Rothbard have tried to create a myth in which Rothbard is not in the same Austrian tradition as Mises. The words of Mises himself say otherwise.

05/07/2019Power & Market
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Economic Models vs. The Real World

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

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Praxeology and the Method of Economics

Philosophy and MethodologyPraxeology

04/29/2019Audio/Video
Dr. Joe Salerno and Jeff Deist explore the method of economics.
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Can Central Banks Avoid Booms and Busts with the "Right" Amount of Money Creation?

Money and BanksMoney and Banking

Blog04/27/2019

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

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Central Banks May be Enabling Unhealthy Corporate Buyouts

Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.

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How Human Action and Human Values Determine Prices

SubjectivismValue and Exchange

Blog04/20/2019

Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being. 

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