Mises Wire

Fannie Mae and Freddie Mac CEOs Get Huge Pay Raises

BlogJuly 2, 2015

Back when I was an economist for the State of Colorado, I sat on a panel/task force in 2006 in which some of the left-ish members suggested a new tax on Fannie and Freddie to pay for subsidized housing. 

The Fannie and Freddie reps were indignant. "Why, we're a private...

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Rothbard: The Free-Market and Anti-Government Roots of the American Revolution

BlogJuly 1, 2015

[From For a New Liberty.]

Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological? We now...

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The Pentagon's Latest War Plane Is Terrible at War — But That's Fine With Congress

BlogJuly 1, 2015
The latest black eye for the mega-expensive F-35 warplane is a recent report noting the mediocrity of the plane in air combat situations.

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Puerto Rico: America's Greece?

BlogJuly 1, 2015

Puerto Rico owes $70 billion to various creditors, including American hedge funds and other funds. Puerto Rican debt has been downgraded to junk status. Whether or not Puerto Rico is America's Greece is rather...

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Happy Bithday Lew!

BlogJuly 1, 2015

Today is the birthday of Lew Rockwell, the founder of the Mises Institute and a major figure in the Ron Paul movement.

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Church Organizations and the Tax-Exemption-Is-a-Subsidy Mistake

BlogJune 30, 2015

The position that a tax exemption is a subsidy has always been wrong. In no way is a person being subsidized when the state simply refrains from seizing a portion of that person's private property. The idea that it is a subsidy relies on the assumption that all wealth is the government's...

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Do People Still Believe that Stuff About the Supreme Court Being Above Politics?

BlogJune 30, 2015

There are three groups of people who believe that the Supreme Court does not make decisions based on personal whims, personal ideology, pressure from interest groups, and and eye toward building the court's power. These three groups are: 1) small children in civics classes. 2) people in...

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Economic Harmony and Disharmony

BlogJune 30, 2015

Frederic Bastiat saw that the economic disharmony of coercion destroys the economic harmony of freedom. 

...

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The Fed on the Greek Debt Crisis: What, Me Worry?

BlogJune 29, 2015

Global markets appear to be unsure that the Greek debt crisis will be resolved in an orderly way. The Fed meanwhile is taking a more blasé approach. Paul-Martin Foss writes

As the Greek crisis comes to a head, it seems to...

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Bernanke on American History

BlogJune 27, 2015

As usual, the former Fed chairman, author of many of our current economic ills, is confused.

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