Mises Wire

A History of Inflationary Money: From 1844 to Nixon

Booms and BustsGlobal EconomyBusiness CyclesMoney Supply

Blog12/11/2019

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

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Artwork Made from Old Bananas Shows Value Is Subjective

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

12/11/2019Power & Market
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Austrian School vs. Law & Economics on Air Pollution

The EnvironmentOther Schools of Thought

Blog11/01/2019

The standard Austrian approach to air pollution and regulation rejects the bean-counting of winners and losers, and instead embraces a property rights approach.

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Abolish the Tampon Tax, Even If It's What SJWs Want

Blog10/22/2019

The SJWs protesting the so-called "tampon tax" are doing so for rather questionable reasons. But if they're going to argue that taxes are a bad thing, we shouldn't stop them.

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Austrian School vs. “Law & Economics" on Product Safety

Bureaucracy and RegulationOther Schools of Thought

Blog10/11/2019

A look at the differences between the Austrian School and the "Law & Economics" tradition, with respect to product safety regulation.

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August Money-Supply Growth Rate Falls to 12-Year Low

Money Supply

Blog09/19/2019

The money supply growth rate fell in August, dropping to a 150-month low.  To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent.

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Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession

Financial MarketsU.S. EconomyBusiness Cycles

09/03/2019Audio/Video
Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".
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A Rothbardian Take on Negative Interest Rates

Money and BanksMonetary TheoryMoney and Banking

Blog08/19/2019

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

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