Mises Wire

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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How Fiat Money Enriches the Unproductive

Inflation

Blog11/14/2022

Governments can conjure up money at the printing press—with predictable results. But anyone wanting a Lamborghini will have to produce real wealth to purchase it.

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Joe Biden and the "Transformational" Presidency

LawProgressivism

Blog11/12/2022

Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression."

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Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?

Booms and BustsInflationBusiness CyclesGold Standard

Blog11/12/2022

While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles.

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The Rise and Fall of Trussonomics

Big GovernmentEuropeFree MarketsStrategy

Blog11/12/2022

In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.

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