Mises Wire

The Relationship Between Saving and Money

Blog08/18/2017

Conventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays. Hence, for a given consumer outlays an increase in money income implies more saving and thus more funding for investment. This in turn sets the platform for higher economic...

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Do Seasonal Adjustments Help Identify Business Cycles?

Booms and BustsBusiness Cycles

Blog08/17/2017
Without a coherent theory based on purposeful human action, it is not possible to begin to understand the causes of business cycles.

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I Just Got Price-Gouged and I'm Still Smiling

Blog08/14/2017
Today I paid $10 for a $3 umbrella and I write this to you as a dry, happy man.

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Why Cryptocurrencies Will Never Be Safe Havens

Blog08/14/2017
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.

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Employment Is Not the Key to Economic Growth

Labor and WagesBusiness Cycles

Blog08/11/2017
Fixing unemployment without addressing the issue of real savings cannot increase the pace of economic growth.

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Is Money Created by Government Decree?

Money and BanksMoney and Banking

Blog07/31/2017
Today’s demand for money is determined by yesterday’s purchasing power of money.

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Seattle's Minimum Wage Supporters Ignore the Facts

Bureaucracy and RegulationU.S. History

Blog07/25/2017
Early data showed the Seattle minimum wage experiment is hurting those its supposed to help. So, the city fudged the data.

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Here's the True Definition of a Recession — It's Not About GDP

Money and BanksMoney and Banking

Blog07/19/2017
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.

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Why Wage Growth Is So Weak

Money and BanksMoney and Banking

Blog07/17/2017
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.

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The Part-Time Critics of Central Banks

Money and BanksMoney and Banking

07/14/2017FedWatch
The central bank critics today who were not critics of the great bailouts and stimulus have reserved their criticisms for what hurts their interests.

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