Mises Wire

World War I: The Great War Was also the Great Enabler of Progressive Governance

The FedU.S. HistoryWar and Foreign PolicyWorld History

Blog11/16/2022

Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.

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Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Central BanksThe FedInflationCapital and Interest Theory

Blog11/16/2022

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

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What I Learned from my Grandfather about Money

Monetary PolicyU.S. History

Blog11/16/2022

The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.

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How to Think about Economic Calculation

Blog11/15/2022

We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management. 

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Economic Calculation and the Great Reset

Economic FreedomProgressivismCalculation and Knowledge

Blog11/15/2022

Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.

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Inflation Is Not Price Increases. Inflation Causes Price Increases.

Central BanksInflation

Blog11/15/2022

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

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Why "Greedflation" Isn't Real

PricesValue and Exchange

Blog11/14/2022

Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

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Sports Betting and Spontaneous Order

Free MarketsHayek

Blog11/14/2022

One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.

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