Mises Wire

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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Nationality and Statelessness: The Kuwaiti Bidoon

AntipoliticsDecentralization and Secession

Blog11/11/2022

All too often, people equate their nationality with a particular state. Yet, as Mises noted, nationality does not depend at all upon a formal entity tied to a government.

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Niebuhr, My God, to Thee

Free MarketsSocialismWar and Foreign Policy

Blog11/11/2022

Lutheran theologian Reinhold Niebuhr attracted numerous followers in postwar America in part because of his attacks on the free market. Perhaps he should have read Mises.

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The Missing Factor in Britain's Economic Recovery Plan

Big GovernmentEuropeKeynes

Blog11/11/2022

As the British economy falters, the government returns to its Keynesian roots. They will find once again that the legacy of J.M. Keynes is inflation and economic ruin.

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