Mises Wire

The Folly of Economic "Stabilization"

PricesValue and Exchange

Blog8 hours ago

Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."

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The Majority of Virginia Homicides Come from Only Two Metro Areas

Bureaucracy and RegulationLegal System

Blog01/22/2020

Just two metro areas in Virginia reported more homicides than all the rest of the state combined.

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The Limits of Economic Calculation

Calculation and KnowledgeValue and Exchange

Blog01/21/2020

It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.

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The Libertarian Legacy of the Old Right: Democracy and Representative Government

U.S. HistoryPolitical Theory

01/20/2020The Journal of Libertarian Studies
What is the relationship between libertarianism and democracy? This article unveils a well-consolidated tradition of criticism of democracy within libertarian political philosophy.
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The World Looks to Abandon the Dollar as US Sanctions Tighten Their Grip

Money and BanksWar and Foreign Policy

Blog01/15/2020

The US's enthusiasm for sanctions means Europe is learning the price of doing business with the United States and with the dollar.  They're now developing new ways to work around the the US-dominated financial system.

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The History and Structure of the Federal Reserve System

The Fed

Blog01/13/2020

The original justification for the creation of another central bank did not allude to the modern goals of “full employment” and “price stability.” Rather, the pleas of the time called for an “elastic currency” that would expand or contract according to the “needs of trade.”

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Three Bad Arguments for the Minimum Wage

Blog01/04/2020

Many advocates for minimum wage hikes argue that the hikes are good for the businesses themselves. But if that were true, the businesses would happily hike wages.

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The US's Latest Bombing Shows the US Lost the Iraq War

War and Foreign PolicyWorld History

Blog01/03/2020

"To recognize that the Baghdadi government is an enemy of the United States is to acknowledge that not only was the Iraq war a mistake, but that its outcome was a boon for Iran."

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