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December 19, 2019 
Mises Institute
Paul Volcker

By Joseph T. Salerno

Paul Volcker: The Man Who Vanquished Gold

Mr. Volcker certainly deserves credit for curbing the Great Inflation of the 1970s. However, he also merits a lion’s share of the blame for unleashing the Great Inflation on the US and the world economy in the first place.

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A Message from Lew Rockwell

The Mises Institute’s message has not changed since our founding in 1982. Please join us as we forge ahead, fight for truth, and teach tomorrow’s intellectual leaders.

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A Desperate ECB

By Claudio Grass

A Desperate ECB Wants to Eliminate the Eurozone's "Only Saving Grace"

The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde.

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By Frank Shostak

Good Economic Theory Focuses
on Explanation, Not Prediction

Many modern economists think the standard for a "good" economic theory is how well it predicts
future trends. Not only are most economists
terrible at making predictions, but the whole premise of economics as being about predicting things is a flawed idea.

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