Mises Wire

Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions

The EnvironmentBusiness Cycles

Easy-money policies pushed by central banks may be redirecting wealth away from investment, and toward greater production and consumption of cheap consumer goods. That's not "green."

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Capital Accumulation, Not Government, Is the Key To Technological Innovation

The Entrepreneur

Blog11/26/2019

The diversion of real funding from the private sector toward government projects — no matter how important these projects appear to be — in fact, disrupts the process of real wealth generation.

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Courage Is Contagious

StrategyU.S. History

Blog07/31/2019

Justin Raimondo said things that were painful to hear. He said things that needed saying. He encouraged me. He encouraged friends of mine. He encouraged colleagues of mine.

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Central Banks Aren't Really In Control of Interest Rates

Money and BanksMoney and Banking

Blog06/22/2019

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

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Correlation ≠ Causation

Philosophy and Methodology

Blog06/01/2019

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

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Can Central Banks Avoid Booms and Busts with the "Right" Amount of Money Creation?

Money and BanksMoney and Banking

Blog04/27/2019

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

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Central Banks May be Enabling Unhealthy Corporate Buyouts

Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.

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