Mises Wire

Shays's Rebellion: The Excuse for a Centralized American State

Taxes and SpendingU.S. History

Blog10/11/2019

The so-called Founding Fathers used small-scale tax rebellions to justify their counter-revolution against the spirit of 1776, thus launching the big-tax, big-government Constitutional Convention of 1787.

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The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Economic Growth Does Not Cause Price Inflation

Blog10/07/2019

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

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Beware of Defense Secretaries Pledging Reform

War and Foreign Policy

For the Pentagon, happy days are here again. With a budget of more than $1.4 trillion for the next two years, the department is riding high as it attempts to set the stage for yet more spending increases in the years to come.

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Price Fixing in Ancient Rome

Booms and BustsFree MarketsGlobal EconomyWorld HistoryInterventionism

10/03/2019Mises Daily Articles
State intervention and a crushing fiscal policy made the whole empire groan under the yoke; more than once, both poor men and rich prayed that the barbarians would deliver them from it.
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Will the Drive to Devalue the Dollar Lead to a Plaza Accord 2.0?

Money and Banks

Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.

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Why the Fed's Mythology Endures, with Murray Sabrin

Big GovernmentThe FedAustrian Economics Overview

09/27/2019Audio/Video
Professor Murray Sabrin joins Jeff Deist for a comprehensive look at central bank mythmaking.
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