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Joseph Solis-Mullen



Articles by Joseph Solis-Mullen

Money and Banking in the US after the Crises of the 1970s and ’80s

16 days ago

Continued from part 1. The story in its popular outline is well known. Facing persistent stagflation, the new chair of the Federal Reserve, Paul Volcker, set out to cure the American economy via a treatment of shock therapy, rapidly hiking interest rates. From 1979 to 1983 the effective federal funds rate scarcely dipped below 10 percent and nearly …

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Money and Banking after World War II: A Study in Extremes

17 days ago

The history of money and banking in the United States since World War II is one of extremes. From stability to chaos, hubris to paralyzing fear, the era is perhaps best understood in terms of two roughly overlapping periods. The first, spanning approximately 1945–71, was characterized by relative stability. Backstopped by the dollar-centric international monetary system …

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Chile’s New President Threatens the Nation’s Market-Driven Prosperity

23 days ago

With his arrival to the office, Chile’s newly elected president, long-time outside opposition leader Gabriel Boric, has vowed: “If Chile was the cradle of neoliberalism, it will also be its grave.” While the term suffers for want of a clear definition, Boric has not been shy over the course of his career about making clear what …

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Turkey’s Economy Is in Big Trouble

24 days ago

Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree of control over the primary functions of the state mean President Recep Tayyip Erdoğan faces few hurdles to executing abrupt changes he views as correct …

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Biden Has Embraced Trump’s Protectionism

December 17, 2021

Tariffs and trade controls are little more than tax increases and a chance to further empower a bloated bureaucracy. Not surprisingly, Biden doesn’t appear to be enthusiastic about embracing free trade. Original Article: “Biden Has Embraced Trump’s Protectionism” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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The West Must Stop Trying to Expand NATO into Ukraine

December 13, 2021

The conflict in Ukraine looks like it might be about to unfreeze.  A large buildup of Russian troops near Ukraine’s border, joint military exercises alongside embattled allies, and the deployment of Russian nuclear-capable bombers in the area have raised alarm among North Atlantic Treaty Organization (NATO) members. Further, heightening tensions, Moscow has reacted strongly to the arms and equipment that have been supplied to Kiev …

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Biden Has Embraced Trump’s Protectionism

December 7, 2021

The Biden administration’s decision this week to raise import duties on some Canadian lumber has US trade policy back in the headlines. Since taking office President Biden has moved to end a pair of trade spats with the European Union, while simultaneously leaving in place the Trump administration’s tariffs on Chinese exports. Despite the wide-ranging applause Biden received for …

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It’s Time for the US To Stop Courting Conflict with Russia

December 1, 2021

Biden’s team is dominated by liberal internationalists, and just as their aggressive approach to China is the wrong one to take in the Indo-Pacific, it has long been counterproductive in eastern and southern Europe. Original Article: “It’s Time for the US To Stop Courting Conflict with Russia” This Audio Mises Wire is generously sponsored by …

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It’s Time for the US To Stop Courting Conflict with Russia

November 23, 2021

Just as happened this past April, Russian troop levels at the border with Ukraine are rising. Next door in Belarus, the embattled government of Alexander Lukashenko is being accused of launching a “hybrid attack” on its neighbor Poland. Meanwhile, to the south, a constitutional crisis been brewing for months in Bosnia and Herzegovina, with Bosnian Serb leader Milorad Dodik apparently taking …

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China’s Financial Bubbles Remind Us of Scams like Britain’s South Sea Bubble

November 23, 2021

It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble. Original Article: “China’s Financial Bubbles Remind Us of Scams like Britain’s South Sea Bubble” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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How the Fed’s Easy Money Spurred Today’s Financial Frenzies

October 22, 2021

It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability. Original Article: “How the Fed’s Easy Money Spurred Today’s Financial Frenzies” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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How the Fed’s Easy Money Spurred Today’s Financial Frenzies

October 15, 2021

Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield crossed the 1.5 percent threshold near the start of the month reminds us just how fragile our economy’s underlying monetary framework has become over the past two decades. Regularly at a minimum of at least 4 …

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The Loss in Afghanistan Is Only the Latest Chapter in a Long Story of Intervention

October 2, 2021

As US military interventions continue across several continents, we should remember that much of US foreign policy is little more than cleaning up messes the US created. Original Article: “The Loss in Afghanistan Is Only the Latest Chapter in a Long Story of Intervention” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated …

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The Loss in Afghanistan Is Only the Latest Chapter in a Long Story of Intervention

September 27, 2021

US interventions abroad in the postwar period have created nothing but problems, problems regularly made worse by later attempts to solve the problems created by those previous interventions. While one can find innumerable instances of these failures in South and Central America, Europe, Africa, or Southeast Asia, the US interventions in Central Asia and the …

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China Won’t Be Taking Over the World

August 12, 2021

Faced with countless demographic, economic, and strategic problems, China is more likely to collapse than take over the world. Original Article: “China Won’t Be Taking Over the World” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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China Won’t Be Taking Over the World

August 9, 2021

While the US has its problems, future global Chinese supremacy won’t be one. Far from being in a position of overwhelming strength, China and its Communist leadership face imminent multifront domestic crises that will threaten the existence not only of the Chinese Communist Party (CCP) but the existence of the Chinese state as a unified whole. Further, …

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Will the Feds Try Price Controls to “Fix” Price Inflation?

August 4, 2021

We may be told price controls are a temporary necessity, as in 1971 under Nixon. But one thing is certain: price controls will do nothing to resolve the issues underlying the inflation. Original Article: “Will the Feds Try Price Controls to “Fix” Price Inflation?” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated …

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Will the Feds Try Price Controls to “Fix” Price Inflation?

July 14, 2021

As it began rapidly expanding the money supply early in 2020, the Fed confidently assured the public there would be no unanticipated or serious rise in inflation. Now that their projections have failed to materialize (in fact, their forecasts were off by almost 40 percent), they assure us that this will be but a temporary …

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Why Beijing Wants a Digital Yuan

April 7, 2021

The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well.  Original Article: “Why Beijing Wants a Digital Yuan​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

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Why Beijing Wants a Digital Yuan

March 26, 2021

In his 2011 book On Russia, former US secretary of state Henry Kissinger used the ancient Chinese game of Weiqi, or Go, as it is also commonly known, as an extended metaphor to conceptualize and explain the decisions of the Chinese regime in both foreign and domestic policy. A game of strategic domination akin to chess, Go is won by building and maintaining …

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Finally Kicking the GDP Habit

April 24, 2020

GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Finally Kicking the GDP Habit​”

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Finally Kicking the GDP Habit

April 18, 2020

As COVID-19 prompts a reevaluation of institutions and standard methods of operating the world over, an opportunity exists to reorient our economic thinking so that it more closely corresponds to the realities of the modern economic landscape. It starts with abandoning GDP. GDP (gross domestic product, sometimes expressed as gross national product (GNP), a distinction without significance …

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