Mises Wire

Is It Real Money or Just Artifice?

Monetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog03/29/2023

Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.

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Politics Is Turning Us into Idiots

AntipoliticsPoliticsProgressivism

Blog03/29/2023

From race to gender to nearly everything else, decisions about what is correct or incorrect are made according to politics. This is a recipe for social destruction.

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Is the Fed Trying to Bail Out the World? Sure Looks Like It

Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy

Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.

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Why Most of the World Isn't on Board with the NATO-Russia War

AntipoliticsWar and Foreign Policy

Blog03/28/2023

Many governments support continuing the Ukraine war, but ordinary people in Europe, America, and the developing world fear the war will bring economic disaster. 

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To Fight the State, Build Alternatives to the State

Blog03/28/2023

The challenge at hand is more than simply opposing the state. Rather, it is necessary to build up, reinforce, and sustain institutions that can offer alternatives to the state.

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Bipartisanship Is Not a Substitute for Voluntary Exchange

DemocracyFree MarketsPoliticsProgressivism

Blog03/28/2023

Politicians tout "bipartisanship"—that often just means one's pocket will be picked even more cleanly.

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Does Cost Cutting Undermine Economic Growth?

Booms and BustsCentral BanksMonetary Policy

Blog03/27/2023

Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.

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Why Fractional Reserve Banking Is behind Bank Failures

Central BanksMonetary PolicyMoney and Banks

Blog03/27/2023

Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?

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