Mises Wire

The Truth about American Inequality

U.S. History

"Our welfare spending is probably the highest in the world. It is only “laissez-faire” in the sense that we have ... a very large charitable sector as well."

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The "Stunning Success" of the Green Revolution Is Yet Another Progressive Myth

Economic PolicyProgressivismSocialismWorld History

An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.

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The Fed's "Full Employment" Mandate Is a Mandate for Inflation

Money and Banks

Blog09/17/2022

Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.  

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The Fed Is Wrong to Make Policies Based upon the Phillips Curve

The FedInflationUnemployment

Blog09/15/2022

Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.

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The Nilar: A Pan-African Gold Currency

Economic PolicyMoney and BanksStrategy

Blog09/13/2022

While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.

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The Enclosure Movement and the Agricultural and Industrial Revolutions

The EntrepreneurFree MarketsWorld History

Blog09/12/2022

While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.

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The False Benefit of Less Land Use for Agriculture

Big GovernmentBureaucracy and RegulationFree Markets

Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.

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Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy

Booms and BustsCentral BanksThe FedInflation

Blog09/07/2022

The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.

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