Mises Wire

Krugman Is Wrong (Again): Artificially Low Interest Rates Created Bubbles

The FedInflationCapital and Interest Theory


Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.

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Keynesians and Market Monetarists Didn't See Inflation Coming

Money and Banks


It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve.

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Keep US Out of War

War and Foreign Policy

A key problem with collective security is the fact that when gangs of states wade into a conflict, they inexorably widen it.

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Kyle Rittenhouse: The Media's Assault on the Rights of the Accused

U.S. History


The Rittenhouse case has uncovered a major threat to modern American jurisprudence, but not the threat that progressives are claiming.

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Kyle Rittenhouse and the Evil of Generalized Justice

LawMedia and CulturePhilosophyProperty RightsPrivate Property


Will guilt or innocence in criminal trials increasingly hinge on broader desirable social justice outcomes?

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Kabul's Collapse and DC's Incurable Arrogance

War and Foreign Policy


There is no reason to expect the Afghanistan debacle to humble Washington policymakers. Korean War fiascos were swept under the rug, paving the way for the Vietnam War. The cycle didn't end there.

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Keynes Said Inflation Fixed the Problems of Sticky Wages. He Was Wrong.

Labor and Wages


In Keynes's day, wages were being artificially inflated by labor union contracts. Unemployment rose. But then Keynes decided inflation would solve the problem by lowering real wages. Here's why that's a bad idea. 

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Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.

Book Reviews


It is not surprising that Keynes looks at the economy from the perspective of a government bureaucrat; this is exactly what, for a significant part of his life, he was. It was for his bureaucratic "service," not his economics, that he was elevated to the peerage.

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