Mises Wire

The Good Ol' Days: When Tax Rates Were 90 Percent

Big GovernmentTaxes and SpendingU.S. History

11/24/2015Mises Wire
Bernie Sanders and other advocates for more taxes like to note that income tax rates hit 90 percent in the 1950s. What they leave out is that few ever paid such rates and total tax revenues were about the same then as today.
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The Fed Desperately Tries to Maintain the Status Quo

The FedMoney and BanksU.S. EconomyMoney and Banking

11/04/2015Mises Wire
Given the current state of the economy, the Fed appears quite unlikely to raise interest rates any time soon. But what will it do if the economy starts to really go south?
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Today's War Against Deflation Will Make Us Poorer

Booms and BustsThe FedMoney and Banking

10/29/2015Mises Wire
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors.
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The Military Gravy Train: Full Speed Ahead

Taxes and SpendingU.S. HistoryWar and Foreign Policy

09/28/2015Mises Wire
With a Congress enamored of military spending and elective wars, there's no end in sight for the tax and spend policies that ensure bigger and more lavish treats and amenities for government contractors and military agencies alike.
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The Fallacy of "Buy Land — They’re Not Making Any More"

PricesSubjectivismValue and Exchange

09/16/2015Mises Wire
Investors and real estate agents often tell people to “buy land, they’re not making any more!” But in truth, land is heterogeneous, and whether or not it increases in value depends on many factors that can transform nearly worthless land into valuable land.
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The Unseen Consequences of Zero-Interest-Rate Policy

Booms and BustsBusiness CyclesMoney and Banking

08/08/2015Mises Wire
The old tricks of conventional monetary stimulus — low interest rates — no longer work, so we've entered the untested waters of zero-interest-rate policy.
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