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Tag Archives: 6b) Mises.org

Central Banks Have Broken the True Savings-Lending Relationship

Most people believe lending is associated with money. But there is more to lending. A lender lends savings to a borrower as opposed to “just money.” Let us explain. Take a farmer, Joe, who has produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he agrees to lend for one year to another farmer, Bob. The unconsumed kilogram of potatoes that he agrees to lend is his savings. By lending a kilogram of potatoes to Bob, Joe...

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A Review of Nik Bhatia’s Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

For understanding our modern monetary troubles, Nik Bhatia’s pamphlet-sized book from last year hits exactly the right intersection between money and banking, between the past and the future. Clocking in at around 150 pages of easy prose, it’s accessible but not dumbed down, revealing but not inaccurate. It has a simple framework that Bhatia explains and explores with great expertise. As an introduction to what bitcoin is as a monetary technology, Layered Money: From...

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Russia Isn’t Nearly as Isolated as Washington Wants You to Believe

Those gloating about Russia being “cut off” are overstating the case. In fact, many of the world’s largest countries have shown a reluctance to participate in the US’s sanction schemes, and even close US allies aren’t going along with it. Original Article: Some US policymakers and pundits are declaring that Russia—and its population—are cut off from the rest of the world. For example, political scientist Nina Khrushcheva has declared “Russia is hated by the...

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The West’s Russia Sanctions Show Why States Want to Weaponize the Financial System

States continue to seek new ways to make the financial system an “economic chokepoint” enabling the state to crack down on specific organizations, individuals, or activities. Original Article: “The West’s Russia Sanctions Show Why States Want to Weaponize the Financial System” In the past month, Western nations have allied to wage an economic and technological war against the Russian government and key Russian institutions. These measures included economic...

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How Agriculture Bureaucrats Are Manipulating Food Prices—and Our Diets

With inflation at a forty-year high, it is the topic on everyone’s mind. US core inflation has reached 7.5 percent year over year, and the prices of certain goods, such as used cars and steak, are up as much as 50 percent over the past year. This is a major threat to the current administration, with a recent poll showing that 70 percent of Americans disapprove of Joe Biden’s handling of inflation. Inflation is incredibly unpopular with voters, and there is a strong...

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It Didn’t Begin with FDR: Currency Devaluation in the Roman Empire

The phenomenon of currency devaluation and its consequences is a process that not only occurred in modern times, but has much deeper roots, going back to antiquity. With the collapse of the Roman Republic, Caesar’s grandnephew Gaius Octavianus, renamed Augustus, rose to power and soon implemented a far-reaching monetary reform for the Roman common market. The old republican trimetallic system of different denominations of silver, brass, and bronze became a new...

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Markets and Private Property, Not Government, Protect the Environment

Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the twentieth century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists who argued for centralization and adjudication of individual liberty for the sake of universal material opulence, free markets with the fall of the curtain on the twentieth century have definitely shown...

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Biden Admits that Sanctions Don’t Work and they Make Us Poorer

President Biden on Thursday made two big admissions about the US-led economic sanctions on Russia. The first is that the sanctions will lead to food shortages for many countries other than Russia, and that this is simply the price that Americans ought to be forced to pay. The second admission was that sanctions haven’t worked to change Moscow’s policies, and that “sanctions never deter” the targeted regime from carrying out aggression. So, Biden has helpfully now...

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Ludwig von Mises (1881–1973)

One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual human beings act purposively to achieve desired goals. Even though his economic analysis itself was “value-free”—in the sense of being irrelevant to values held by economists, Mises concluded that the only viable...

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Will Biden Sanction Half the World to Isolate Russia?

Sorry, I've looked everywhere but I can't find the page you're looking for. If you follow the link from another website, I may have removed or renamed the page some time ago. You may want to try searching for the page: Search Searching for the terms %3Futm+source%3Drss%26utm+medium%3Drss%26utm+campaign%3Dmcmaken+biden+sanction+the+world+isolate+russia ...

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