Mises Wire

Credit Expansion vs. Simple Inflation

The FedFinancial MarketsMoney and BanksHistory of the Austrian School of Economics

07/26/2018Mises Daily Articles
It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply.
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Capitalism: Why Chile Is So Much Richer than Venezuela

Blog07/24/2018

Chile has enjoyed strong growth since it shifted to freer markets, especially compared to Venezuela, which is burdened by a vicious form of statism.

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Canada Has Legalized Pot — And the US May Soon Bow to State Legalization

Legal SystemMedia and Culture

Blog06/29/2018

Over 100 million people in North America will soon live in places where recreational marijuana has been legalized.

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Central Bankers Won't Tolerate Deflation — No Matter the Cost

Blog05/12/2018

The concluding phase of credit expansion before the credit crisis is now about to begin.

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Consumer Sovereignty: What Mises Meant

Production TheoryValue and Exchange

04/04/2018Mises Daily Articles
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.
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China's Plan to End Dependency on American Trade

Protectionism and Free Trade

Blog03/26/2018

Chinese plans for east Africa, the Indian Ocean, and a huge Eurasian trade zone make American tariffs a lessening problem for the Chinese state.

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Class Conflict and Revolutionary Socialism

SocialismOther Schools of Thought

Blog03/16/2018

The fundamental concept of the Communist Manifesto  was that of “class” and “class conflict.” But Marx didn’t say what a “class” was.

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Consumer Sovereignty Is a Problem For Government "Stimulus" Plans

The EntrepreneurInterventionism

Blog02/13/2018
Government stimulus plans can't take into account dynamic factors like entrepreneurial innovation and consumer preferences.
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