Mises Wire

Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated

Bureaucracy and RegulationProperty Rights

Blog55 min ago

The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good.

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The Truth About Bidenomics: More Debt, More Inflation

Big GovernmentU.S. EconomyInterventionism

Blog5 hours ago

One of the biggest problems of Biden's neo-Keynesian approach to government budgets is that it leaves households with less money in real terms and the “anti-inflation” measures increase debt and inflation.

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To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48

Bureaucracy and RegulationEconomic PolicyFree MarketsU.S. HistoryWar and Foreign PolicyWorld History

Blog07/08/2023

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money.

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Paleoconservatives Need Better Critics

AnarchyEconomic FreedomMedia and CultureU.S. History

Blog07/08/2023

To seriously threaten the regime, one must attack it at its roots. This would require rejecting the modern civil rights legal regime, something modern Buckleyite conservatives and James Lindsay-style liberals are not interested in, and unites paleoconservatives and paleolibertarians.

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The Backstops for Banks Are Full of Holes

Monetary PolicyMoney and BanksU.S. Economy

Blog07/07/2023

The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.

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When Slave Owners Chose Federal Power over Local Sovereignty

Blog07/07/2023

Although they professed to support "states' rights," many proslavery activists wanted a stronger federal government that could force slavery on the western territories and deny local sovereignty to territorial residents. 

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Cracked-Up Slobodian

DemocracyEconomic FreedomProgressivismSocialismU.S. HistoryWorld HistoryOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory

Blog07/07/2023

Professor Quinn Slobodian believes that free markets must lead to tyrannical worker exploitation, and socialism is the only solution. In truth, market competition is the answer. 

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Cultural Change Is Necessary for Capital Development

CapitalismEconomic FreedomLiberalismMedia and CultureWorld History

Blog07/07/2023

In order for nations to have capital development and market-based economies, they must have a cultural framework that accepts these developments. Too many nations do not, and they languish in poverty as a result.

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