Mises Wire

Which is Worse — A Trade Surplus or a Trade Deficit?

Financial MarketsGlobal EconomyMoney and BanksPolitical Theory

Blog1 hour ago
Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.

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FOMC Minutes: More of the Same

The FedGlobal Economy

8 hours agoFedWatch
The FOMC minutes revealed a Fed that doesn't know what to do, but pretends like everything's under control.

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We Need Hope

EducationStrategyWorld History

Blog16 hours ago
Just taking a moment to be cheerful is a powerful remedy from the misery of politics: in fact, such simple resistance is an almost revolutionary act.

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Five Reasons for Central Banks: Are They Any Good?

The FedMoney and Banking

Blog02/21/2017
No justification for central banks erases the fact that the central banks are creatures of power politics rather than economic reason.

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Billions Gone: 2016 Olympics Venues in Brazil Are Now in Ruins

Blog02/21/2017
The Brazilian government spent billions on facilities and infrastructure for the 2016 Olympics. Now, the taxpayers wonder what it was all for.

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Alan Greenspan Admits Ron Paul Was Right About Gold

Blog02/21/2017
Now that his career at the Fed is over, Alan Greenspan remembers what he already knew about gold and the gold standard.

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What's In Store for the Next Four Years?

Legal System

02/20/2017The Austrian
Law scholar Allen Mendenhall discusses Trump, the Supreme Court, and the future of the judiciary in the United States.

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Break Up the USA

U.S. HistoryPolitical Theory

Everyone takes for granted that it’s normal for a country of 320 million to be dictated to by a single central authority. It's time to call it quits.

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Abolish the One-Man Presidency

U.S. HistoryPolitical Theory

Blog02/20/2017
Alexander Hamilton wanted a strong single executive who could maximize "secrecy" and "dispatch." Unfortunately, he got what he wanted.

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Why the "Experts" Can't Agree About Fed Rate Hikes

The FedMonetary Theory

02/20/2017FedWatch
When should the Fed raise rates? Mainstream economists rely on statistics, but reject the necessary theory by which to interpret.

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