Mises Wire

The Wisdom of Cato's Letters

Political Theory

Blog09/30/2020

No man has the power to take life or property from another except in self defense. It would be immoral to do otherwise, and man cannot make it moral by having the state do it.

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The Problem with "Predictive" Theories of Economics

Book ReviewsPhilosophy and Methodology

Blog09/17/2020

There is almost never clear evidence that a theory's predictions are false. You can always adjust something in the theory to make it come out true, and that is what all too many economists do.

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The EU's Drive toward Political Centralization Will Doom Its Economy

Big GovernmentDecentralization and SecessionWorld History

Europe needs more than ever the principles that made it successful: decentralization, free trade, and sound markets.

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The Covid Crisis Has Helped Make the Blueprint for a European Superstate

Big GovernmentCentral BanksTaxes and Spending

Blog08/08/2020

The “cure” to the current crisis that is forced upon all Europeans now is not just worse than the disease; it is the disease.

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The Dangers Posed by State-Controlled Digital Currency

Central BanksInflationMonetary Policy

Blog07/07/2020

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

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Thomas Sowell: Understanding Markets and Free Choice

Free MarketsSocialismU.S. History

Blog06/30/2020

Thomas Sowell has a gift for explaining how markets are simply the result of human beings making free choices. There is no single market answer to a problem. There are countless answers.

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The COVID Crisis Supercharged the War on Cash

Global EconomyMonetary PolicyMoney and Banks

Blog06/30/2020

The COVID panic gave the world's regimes a new reason to claim that physical cash should be outlawed. But this is just one of many strategies now in play to end the relative privacy and freedom cash provides.

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The German Court's Unexpected Blow to the ECB

Decentralization and SecessionLegal SystemMonetary Policy

Blog05/29/2020

A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU.

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