Mises Wire

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

World History


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


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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Robots Won't Destroy Us: How Automation Creates Jobs

Labor and WagesCalculation and KnowledgeCapital and Interest TheoryProduction Theory


The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

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Real Savings Are at the Heart of Lending

Money and Banking


Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

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Rothbard Explains How to Recover from an Economic Crisis

Booms and Busts


The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.

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Rothbard Roundtable


We asked some of our writers and scholars to talk about why Rothbard is worth remembering. Here's what they had to say.

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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

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Rich Millennials Plot the End of Civilization

CapitalismMedia and Culture


Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him. 

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