Mises Wire

Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Monetary PolicyWorld History

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

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Why GOP Loyalists and Candidates Keep Moving Left

ProgressivismMedia and CultureStrategy

Blog11/11/2020

Unless the Left's opponents focus on changing voters' ideological drift to the left, candidates who want to actually win elections will have to keep moving left also. 

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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Down with Political Polling. Up with Prediction Markets.

Media and Culture

Blog11/11/2020

Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative. 

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Want to Reduce the Trade Deficit? Cut Government Spending.

Protectionism and Free TradeTaxes and Spending

Blog11/11/2020

A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree. 

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Talk of "Unity" Is Both Hypocritical and Delusional

Big GovernmentPolitical Theory

Blog11/10/2020

Grand invocations that "I will unify us" are actually shorthand for "We mean to get our way, regardless of others' well-being and desire."

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How Easy Money Creates the Boom-Bust Cycle

Blog11/10/2020

An economic depression is not caused by the collapse of the money stock, but rather by the collapse of the pool of real savings. This is set in motion by previous monetary pumping.

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Here’s What Donald Trump Should Do before Inauguration Day

Big GovernmentStrategy

Blog11/09/2020

Even if he loses, Donald Trump still has time to change military policy, pardon allies, unseat the Federal Reserve Board of Governors, and throw a wrench in the deep state apparatus.

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