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December 24, 2021

Mises Institute

By Lipton Matthews

A Slave-Based Economy Is Nothing Like a Dynamic Capitalist One

The evidence indicates that a prevalence of slavery in an economic system is a robust predictor of subpar economic growth and a creativity deficit.

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By Frank Shostak

How Much Control Does the Central Bank Have over Interest Rates?

The central bank can manipulate the interest rate to whatever level it desires. But it cannot control how the interest rate is dictated by each individual's time preference. That's a problem.

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By Ryan McMaken

In Praise of Christmas Tree Salesmen

It's thanks to markets and entrepreneurs that turkeys, toys, and Christmas trees can be mass produced and delivered to a great many ordinary people at a reasonable price.

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