Mises Wire

Divine Monarchy: Exploitative or Beneficial?

Property RightsWorld History

Blog07/29/2022

While divine monarchy might seem illogical or archaic, it had a larger positive economic impact in society that historians have overlooked.

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GDP Shrinks Again as Biden Quibbles over the Definition of "Recession"

Money and BanksU.S. Economy

Blog07/28/2022

The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it. 

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Emil Kauder as an Austrian Dehomogenizer

History of the Austrian School of Economics

Blog07/28/2022

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

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Austrians vs. Neoclassicists on Monopolies

Big GovernmentFree MarketsMonopoly and Competition

Blog07/28/2022

Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.

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The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance

Money and Banks

Blog07/27/2022

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

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Inflation Takings Require Just Compensation: Slash Governments!

The FedInflation

Blog07/27/2022

Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.

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Regional Territories: A Decentralization Plan for the USA

Decentralization and SecessionU.S. History

Blog07/27/2022

As political divisions worsen in the United States, one remedy besides secession might be to create semiautonomous regional territories.

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Yellen: "Recession" Doesn't Mean What You Think It Means

U.S. Economy

Blog07/26/2022

With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."

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