Mises Wire

Why Mises’s Theory of Economic Calculation Still Is Relevant Today

CapitalismSocialismCalculation and Knowledge

Blog11 hours ago

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy.

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Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke

StrategyTaxes and SpendingEntrepreneurship

Blog02/06/2023

The recent case of retired megastar Usain Bolt losing millions of dollars to bad investments highlights the importance of sound money management.

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Subsidizing Higher Education Is Not Creating Widespread External Benefits

Cronyism and CorporatismEducation

Blog02/04/2023

Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.

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The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments

Booms and BustsThe FedBusiness Cycles

Blog02/04/2023

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

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It's Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency

Monetary PolicyInterventionismMonetary Theory

Blog02/03/2023

The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

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Ominous Parallels Reconsidered

PhilosophyWorld History

Blog02/03/2023

Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.

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More Recession Signs: Money Supply Growth Went Negative Again in December

Money Supply

Blog02/03/2023

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

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Argentina and Brazil Look to Establish a Common Currency

Cronyism and CorporatismMonetary PolicyProtectionism and Free Trade

Blog02/03/2023

Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.

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