Mises Wire

Does the State Care More About Tax Evasion than Murder?

Legal System

Blog05/24/2019

Given the government's terrible record in capturing and punishing real criminals, while devoting ever-more resources to punishing tax evasion, it appears the government cares more about the pursuit of tax thieves than providing justice for victims of violent crime.

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The World Is Growing Tired of Government-Controlled Fiat Currencies

Money and BanksGold StandardMoney and Banking

Blog05/23/2019

Central Banks and the fiat reserve dollar hegemony won’t cede their power to cryptocurrencies easily,  and they're now resorting to a return to precious metals to stave off the threat of individual monetary sovereignty, Bitcoin, and the digital revolution.  

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Canada's Export Guarantee Program: More Risk for the Taxpayer

Worried about the risks your business faces in an uncertain world? Well, don't worry: this government agency can just force the taxpayers to subsidize you until the risks melt away.

05/11/2019Power & Market
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Inflation: The Rumors of its Death are Greatly Exaggerated

Blog05/06/2019

The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.

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The Arbitrary Line Between Legal Bribery and Illegal Bribery

Bureaucracy and RegulationWorld History

Blog04/23/2019

The corruption scandal that now plagues Justin Trudeau goes back to the rather questionable notion that the Canadian government ought to regulate contracts in foreign countries, while also setting an arbitrary distinction between legal and illegal bribery.

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Government's Counterproductive War Against Smoking

Bureaucracy and Regulation

Blog04/20/2019

The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.

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Keynes and the Versailles Treaty's Infamous "Article 231"

Blog04/05/2019

Historians have neglected the role of John Maynard Keynes in writing some of the worst provisions of the Versailles treaty — which sowed the seeds of World War II.

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Banks' Unrealized Losses Soon to Be Realized

The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious.
04/04/2019Power & Market
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