Mises Wire

How the Soviets "Fixed" Inflation, but Ruined the Economy

World History

Blog11/03/2022

The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. 

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Consumers, Workers, and Monopolies: Free Markets Serve All

Free MarketsSocialismMonopoly and Competition

Blog11/03/2022

Among Mises's contributions was his doctrine of consumer sovereignty in a free market.

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Inflation in Pakistan: Follow the Money

Central BanksGlobal EconomyInflation

Blog11/03/2022

Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.

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Murray Rothbard versus the Progressives

LibertarianismProgressivismStrategy

Blog11/03/2022

When communism fell with the USSR, Murray Rothbard realized that the greater threat to liberty was social democracy. Events of the past few years have proven him correct.

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The Government, Race, and an Upcoming SCOTUS Decision

Law

The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether.

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Powell Admits the Fed Is Failing on Inflation, and Promises More Rate Hikes

Money and Banks

Blog11/02/2022

Last year, Powell was full of confidence. Now what we have from the Fed and FOMC are increasingly vague statements about "soft landings" and inflation. 

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Private versus Government Health Insurance: They Are Not the Same

Bureaucracy and RegulationFree Markets

Blog11/02/2022

Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.

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Misunderstanding Mises, Again

SocialismPraxeology

Blog11/02/2022

After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.

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