Mises Wire

All You Need to Know about Alexis de Tocqueville

World History

Blog07/01/2020

It doesn't take an immense amount of insight to see the relevance of Tocqueville's central concern to our situation today. What are the so-called Twitter mobs if not the "tyranny of the majority" at work?

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A Review of Stephanie Kelton’s The Deficit Myth

Book ReviewsMonetary PolicyTaxes and SpendingMonetary Theory

Blog06/23/2020

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

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After the Lockdowns, Government "Fixes" for the Economy Will Make Things Even Worse

InflationFinancial MarketsU.S. History

Blog06/20/2020

Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.

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America Is a Technocracy, Not a Democracy

Big GovernmentBureaucracy and Regulation

Blog05/01/2020

The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.

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After Brexit, the Timing of the Coronavirus Couldn't Be Worse for EU Bureaucrats

Bureaucracy and RegulationGlobal Economy

Blog03/18/2020

Eurocrats might be able to get tables in their favoured restaurants more easily while national governments take it on the chin. But this is a temporary situation which could easily evolve into a threat against the union.

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Abolish Government Schools

EducationCalculation and Knowledge

Blog02/24/2020

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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After November Surge, Money Supply Growth Slows in December

The FedFinancial MarketsMoney Supply

Blog01/27/2020

During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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