Mises Wire

The Failure of the Welfare State: The Case of Argentina and Brazil

Global Economy

Blog09/26/2019

The crisis-ridden welfare states of South America show us that the fabled "third way" to economic prosperity isnot quite the cure-all we're told it is.

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Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

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Government Property Is Not Really "Public" Property

Big GovernmentFinancial MarketsCalculation and Knowledge

09/25/2019The Free Market
As I learned growing up in Allegheny County, the sign that reads, "Keep out, Property of Allegheny County," does not refer only to those who live outside the county.
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Why Does a Yield-Curve Inversion Suggest a Recession?

Blog09/25/2019

Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.

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There Are Two Sides to Every Trade. And Both Sides Benefit.

Protectionism and Free Trade

Blog09/25/2019

In a globalized world, nearly every product or service relies on products and services from somewhere else.

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The Brexit Battle Shows Democracy Is Only Allowed When the Regime Likes the Outcome

Blog09/24/2019

Democracy is only allowed when the voters vote "correctly" according to the ruling classes. "Wrong" decisions will trigger court rulings voiding the vote. Or we'll just keep voting until people get it "right."

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We Want to Send You Nation, Migration, and Trade

Blog09/24/2019

Donate today and receive our newest booklet by Joe Salerno.

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The Difference Between "Business Fluctuations" and a Recession

Booms and Busts

Blog09/24/2019

Business owners have always made errors, and external factors can lead to economic crises of various sorts. But the cyclical pattern of booms and busts we now see are a result of government interventions not seen in a free marketplace.

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