Mises Wire

"Priming the Pump" Won't Create Real Wealth

Capital and Interest Theory

Blog05/22/2017
Many economists believe the economy can be "jump-started" with some monetary and fiscal stimulus. Unfortunately, this only creates bubbles.

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How Magical is the Keynesian Multiplier?

Money and BankingOther Schools of Thought

Blog05/18/2017
Real wealth comes from greater production and saving. More spending — especially when spurred by printing money — doesn't make us rich.

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Is Communist Speech Free Speech?

Blog05/12/2017
Howard Dean thinks un-PC ideas should be legally banned. But if he's looking for a truly deadly ideology, he might want to look elsewhere.

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Milton Friedman Debunked — by Econometricians

Money and BanksMoney and Banking

Blog05/12/2017
Despite arbitrarily fudging the data, Friedman was unable to support one of his most central claims — that the demand for money is very stable.

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Allan H. Meltzer, RIP

Money and BanksAustrian Economics OverviewHistory of the Austrian School of Economics

Blog05/11/2017
Allan H. Meltzer, a distinguished monetary economist and historian and a longtime professor of economics at Carnegie-Mellon Institute, died on Monday at the age of 89.

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The Essential Link Between Consumers and Financial Markets

Financial MarketsCalculation and Knowledge

Blog05/10/2017
Much like an entrepreneur, a good investor seeks to know how to best serve consumers — and then invests his money in firms that do it.

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The Connection Between Money-Supply Growth and Inflation

Money and Banking

Blog05/05/2017
Increases in the money supply need not always to be followed by general increases in prices.

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The Myth of the "Popular Will"

World HistoryPolitical Theory

Democracy often relies on conflating society with the state. Unfortunately, this confusion can lead to the politicization of every facet of daily life.

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Rising Oil Prices Don't Cause Inflation

Prices

Blog05/01/2017
The core driver of general increases in prices of goods and services is central-bank driven money-supply growth, not the price of oil.

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Central Banks' Obsession with Price Stability Leads to Economic Instability

Money and BanksMoney and Banking

Blog04/28/2017
The Fed's monetary policies that aim at stabilizing the price level actually undermine economic fundamentals.

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