Mises Wire

Blame the Fed — Not Investors — For Asset Bubbles

Money and BanksMoney and Banking

Blog09/12/2018

New York Fed Chief Dudley recently suggested asset bubbles "emerge from the way market participant’s process information and trade" — thus ignoring the role of the central bank.

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Malinvestment, Not Overinvestment, Causes Booms

Booms and BustsThe FedInterventionismMonetary Theory

09/11/2018Mises Daily Articles
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
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What Would it Take to "Win" the Drug War?

Legal SystemThe Police State

Blog09/11/2018

Proponents claim that if the government just "cracks down" even harder, the drug problem will be solved. The reality in Mexico and the Philippines shows how wrong this idea is.

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Why the Elites Prefer a Centralized Legal System

Legal SystemU.S. History

Blog09/11/2018

In the early years of the United States, legal systems were far more localized and flexible. But elites preferred consistency over flexibility, and the rich could afford the more bureaucratic legal institutions that ordinary people could not. 

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In Sweden, Europe’s Drift to the Right Continues

World History

Blog09/10/2018

In last weekend's election, Swedish voters appear to have handed more power to a populist party.

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George Selgin Misunderstands Rothbard's Position on Fractional-Reserve Banking

Booms and BustsMoney and BanksMoney and Banking

Blog09/10/2018

Selgin thinks fractional reserve banking critics are akin to "flat-earthers", but he gets some important points wrong. 

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4 Reasons Why Socialism Fails

SocialismWorld History

Blog09/10/2018

Even a degenerate capitalism produces more prosperity than the best socialism. Therefore, the task ahead cannot be to remove capitalism in favor of socialism but to make capitalism better.

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Hegel and the Romantic Age

BiographiesHistory of the Austrian School of Economics

09/08/2018Mises Daily Articles
Hegel, unfortunately, was not a bizarre aberrant force in European thought. He was one of many infected by Romanticism.
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