Mises Wire

Contra Krugman, Policies of Countering Unemployment Are Costly

Big GovernmentEconomic PolicyUnemployment

Blog01/30/2024

Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.

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Climate Deniers Deny Socialism. That's Why the Regime Hates Them.

Big GovernmentBureaucracy and RegulationThe EnvironmentSocialism

Blog01/26/2024

So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants.

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Can Classical Economics Explain the Approaching Fiscal Disaster?

Economic PolicyStrategyTaxes and SpendingOther Schools of Thought

Blog01/16/2024

There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem. 

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Can an Easy Money Policy Increase Employment of "Idle Resources"?

Booms and BustsCentral BanksKeynesMonetary Policy

Blog01/11/2024

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.

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Claudine Gay, DEI, and the War in the Middle East

PoliticsProgressivismU.S. History

Blog01/06/2024

Claudine Gay's unceremonious exit from the Harvard University presidency ultimately was not due to her plagiarism issues, but rather because of her disastrous appearance at a congressional hearing on Israel and Hamas.

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Central Banks Brought Inflation. Now they Bring Stagnation.

Money and BanksMoney and Banking

Blog12/30/2023

By ignoring monetary aggregates, central banks may cut rates with no real effect on the productive economy and solve nothing. There may be a significant contraction in economic activity even if rates decline, as credit availability worsens even with declining rates, but markets keep inflating...

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Conservatives Shouldn’t Assume the Supreme Court Will Save Trump

U.S. History

Blog12/21/2023

It would be a mistake for conservatives to believe their team will bail out "their guy." In the end, most of those wearing robes are closer to their enemies than their friends.

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COP28: Climate Catastrophism Wins as the World Loses

Bureaucracy and RegulationThe EnvironmentSocialismWar and Foreign Policy

Blog12/16/2023

World elites gathered in yet another attempt to remake the world in a different image, with so-called climate change invoked as the catalyst for the meeting. As one can imagine, their "good" society is not very good for those who are not elites.

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