Mises Wire

Why a "Crypto-Yuan" Won't Threaten the Dollar

China cannot disrupt the global monetary system and dethrone the US dollar when it has one of the world’s tightest capital control systems, a lack of separation of powers and weak transparency in its own financial system

4 hours agoPower & Market
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South Africa’s Race-Based Socialism

The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.

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Europe's Spending Binge Is Slowing Its Economy

Global EconomyTaxes and Spending

Blog10/21/2019

The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.

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The Repo Crisis Shows the Damage Done by Central Bank Policies

The FedGlobal EconomyMoney and Banking

Blog10/11/2019

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated. 

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Powell Lied: Quantitative Easing Is Back

The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.

10/09/2019Power & Market
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Socialism Is the Greatest Threat to the Environment

The EnvironmentFree MarketsSocialism

Blog10/08/2019

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

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