Mises Wire

Record Numbers of Coloradans Are Crossing the Wyoming Border to Buy Illegal Fireworks

World History

Blog07/01/2021

It's possible to buy fireworks in Wyoming that are illegal in Colorado. So Wyoming merchants have placed a number of huge fireworks shops about two minutes from the border. It's quite convenient for Coloradans planning to ignore local laws. 

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Canada's Alcohol Laws Are Stuck in the Past

Bureaucracy and Regulation

Blog07/01/2021

Alcohol sales in Ontario are stuck in a morass of price-fixing and other government controls. 

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Review: Niall Ferguson's Doom: The Politics of Catastrophe

Blog06/30/2021

Niall Ferguson’s new book Doom: The Politics of Catastrophe is timely. But Ferguson may just be telling the reader what he wants to hear. 

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The Fed's Power over Inflation and Interest Rates Has Been Greatly Exaggerated

Booms and Busts

Blog06/30/2021

Because of past easy-money binges, the pool of wealth may be declining just as prices are increasing. And we're likely to see upward pressure on interest rates. This is bad news, and shows the limits of the Fed's power. 

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The Tyranny of the Minority Is Just as Dangerous as the Tyranny of the Majority

Free MarketsPolitical Theory

Blog06/30/2021

We should be quite skeptical when states impose the opinion of minority groups on the majority through special programs in schools and elsewhere. Such programs likely involve “positive discrimination” against particular groups, consistent with state objectives.

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Fannie and Freddie Are Just Government Agencies. They're Likely to Stay That Way.

U.S. History

Blog06/29/2021

Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations. 

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Since When Is a Half-Point Rate Hike (2 Years from Now) "Hawkish"?

Money and Banks

Blog06/29/2021

The Fed says rate hikes are at least two years away. A lot can happen in two years, and since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?

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The Stimulus Boom Is Already Over. Now Comes Stagnation.

Booms and Busts

Blog06/28/2021

It's already clear that after an initial sugar high caused by stimulus funds, there's now hardly any "bang for the buck" from stimulus funds. In fact, governments are spending millions for each job "created" by stimulus.

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