Mises Wire

Why the Debt Ceiling Won't Limit Debt or Spending

Money and BanksTaxes and Spending

Blog01/01/2022

From its inception, the Fed's job has been to pay off the debt and cover excess expenditures with newly printed paper money.

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Why Doesn't Increased Demand Bring More Supply?

U.S. Economy

Blog12/30/2021

In order to demand goods and services individuals must produce something useful first. Hence, supply drives demand and not the other way around. 

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Western Economies Are Self-Destructing with Inflation, Debt, and Taxes

Money and Banks

Blog12/24/2021

Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies. 

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What Chicago's Mayor Gets Wrong about Private Security

Bureaucracy and Regulation

Blog12/22/2021

Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.

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Welcome to a New Chapter in the Latest Boom-Bust Cycle

Money and Banks

Blog12/21/2021

The Fed admits inflation is a problem, so now begins the search to find a fix that doesn't involve a recession or anything else that might allow the economy to heal its malinvestments.

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Who Will Inflate Faster? Europe or the Fed?

Money and Banks

Blog12/18/2021

The demand for money is key in exchange rates and a major factor in the exchange rate is the relative change in the growth of respective money supplies. 

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Why "Macro" Thinking in Economics Is Such a Problem

Socialism

Blog12/18/2021

The knowledge of government planners is much overrated. Instead, we must "trust no man beyond his infinitesimal area of competence; hold him to the very little he knows."

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When Fiat Currency Stops Being Money

Money and Banks

Blog12/04/2021

If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.

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