Cannabis Tax Revenues Will be a Roadblock to Sessions’s Drug War
State tax collectors and local businesses are unlikely to go along quietly with new federal efforts to crack down on legalized marijuana.
Mises Wire
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The Hanseatic League: An “Empire” of Commerce
The prosperous League had no coherent political organization, and there was no clearly defined administrative center or a system for raising taxes.
School Vouchers Are Basically Food Stamps
Governments already use vouchers in many areas, including food and housing. Fortunately, those vouchers only go to a small portion of the population.
Like Returning Gifts? Thank the Market
For Austrians, competition entails not only vigorous price cutting, but intense competition in terms of product quality, return policies, and more.
Our Passive Trade Balance
This is the first time Eugen von Böhm-Bawerk's essay "Our Passive Trade Balance" has appeared in English.
The European Union Must Think Local To Address Global Challenges
The European Union must stop pursuing uniformity at any cost.
Is Inflation Driven more by “Expectations” than by the Money Supply?
Central bankers think that the inflation problem can be solved by managing expectations.
The Wage-Gap Debate Is Based on Junk Science
Without the marketplace, we cannot calculate the value of workers, whether male or female. There is no "objective" measure of an employee.
How Expectations Coordinate Markets
But when prices change today, what are they telling the various and relevant market participants about what it suggests will be the situation tomorrow?
