Mises Wire

Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI


Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways. 

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Why Aren't There More Free Market Surgery Centers and Clinics?

Cronyism and CorporatismHealth


Just over twenty-four years ago the Surgery Center of Oklahoma began with a simple mission: deliver the highest quality of care at a reasonable and posted price. They've since faced many obstacles from Uncle Sam and his healthcare cronies.

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Why Biden Wants a Cap on State and Local Tax Deductions

Taxes and Spending


The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.

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Why the Regime's Regulatory Power Is a Standing Threat to America

U.S. History


Powerful federal politicians have many ways of expressing their displeasure with America's private sector, and this is partly why we so rarely hear any real criticism of the feds from corporate America.

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Wages, Prices, and the Demand for Money: Keynes Got It All Wrong

Labor and Wages


When markets are mostly free, prices adjust freely and constantly to adapt to new realities. Yet Keynes failed to understand how market rigidities are caused by government intervention. He blamed markets instead.

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Why Big Business Is Helping the Regime

Bureaucracy and Regulation


Faced with a "join us or be destroyed" ultimatum from federal regulators or lawmakers, most private firms choose the "join us" option. 

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Why Stimulus Does Not Stimulate

Booms and Busts


The specific institutional conditions in 1936 Britain caused inflation to work as intended once, and not well. Stimulus policy today completely ignores these origins and has become a universal solvent to heal all economic ills.

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With Reverse Repos, The Fed Is Now Trying to Clean up Its Own Mess

Money and Banks


One of the areas of the economy that the Fed recently needed to bail out was money market funds. Most investors consider these funds cash. One wonders why the Fed would be forced to provide liquidity to shore up liquidity.

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