Mises Wire

Is Mexico Richer after NAFTA?

06/21/2019Power & Market

There is a clear correlation between expansions in international trade and reductions in poverty. The Mexican experience appears to be no different.

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The Fed's Endless Boom-Bust Cycle

Money and Banks

Blog06/21/2019

While many attempt to look to "de-regulation" or tax cuts to explain economic cycles, it makes more sense to zero-in on the role of central banks. 

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The Velocity of Circulation

Financial MarketsHistory of the Austrian School of EconomicsMonetary Theory

06/20/2019Mises Daily Articles
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
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4 New Reasons to Fear a Universal Basic Income

PovertyTaxes and Spending

Blog06/20/2019

Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.

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The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

06/20/2019Power & Market

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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Beginning the Welfare State: Civil War Veterans’ Pensions

U.S. History

06/19/2019Quarterly Journal of Austrian Economics
What would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896–1932).
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