Mises Wire

Powell Is Giving Trump His Rate Cut, Here is Why It's a Mistake

The FedMoney and BanksU.S. EconomyMoney and Banking

Blog07/31/2019

With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.

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Courage Is Contagious

StrategyU.S. History

Blog07/31/2019

Justin Raimondo said things that were painful to hear. He said things that needed saying. He encouraged me. He encouraged friends of mine. He encouraged colleagues of mine.

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Literature, Culture, and Economics

BiographiesEducationMedia and Culture

07/30/2019The Austrian
Teaching literature has changed now that the humanities have become a species of what is known as grievance studies, concerned with whether a given author is sexist or racist or classist. This is a cultural shift in education, and not for the better.
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Smita Bakshi on The Entrepreneurial Journey

The EntrepreneurStrategyEntrepreneurship

07/30/2019Audio/Video
Dr. Smita Bakshi, an engineer passionate about her mission, makes an impact by combining what the world needs and what the world will pay for.
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Interest Rate Increases: How Fast is "Too Fast?"

Money and BanksMoney and Banking

Blog07/30/2019

Donald Trump thinks the Fed raised rates "too fast." In truth, rates have been at remarkably low rates for the past decade. And how would Trump know how fast is "too fast" anyway?

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The Fed Chairman and the Phillips Curve

Blog07/30/2019

The Fed Chairman’s suggestion that the inverse correlation between inflation and unemployment has disappeared reveals that US central bank policymakers were previously employing a bankrupt theoretical framework to navigate the economy.

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Wage Earners and Employers

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

07/29/2019Mises Daily Articles
The characteristic principle of capitalism is that it is mass production to supply the masses. Big business serves the many.
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