Mises Wire

Why The Next ECB Stimulus Plan Will Also Fail

Global EconomyMoney and BanksMoney and Banking

Blog08/27/2019

The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.

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Why They Keep Trying to Blame Capitalists for Slavery

U.S. History

Blog08/27/2019

The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog08/20/2019

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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When State Governors Tried To Take Back Control of the National Guard

Decentralization and SecessionWar and Foreign Policy

Blog08/19/2019

In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.

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What Student Loans and Health Care Have in Common

Blog08/19/2019

When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.

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Why $100 Bills Are Now the US Dollar's Most Common Banknote

Perhaps in the future, physical dollars and digital dollars will be recognized as two distinct mediums of exchange.

08/16/2019Power & Market
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