Mises Wire

We're Told Americans Have No Free Time, Yet We're Watching More than Four Hours of TV Per Day

If this data is correct, then the anecdotal evidence just doesn't add up, and it's simply not the case that people don't have time to do anything other than work, eat some fast food, and then do it all over again.

12/06/2019Power & Market
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Democracy Is Coercive, No Matter What "Civic Republicans" Say

Blog12/06/2019

For an advocate of civil republicanism, you could be drafted into the army, or taxed at very high rates, and that's fine because you participated in a process (democracy) in which you helped pick your own rulers. This view of freedom has a few problems.

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America’s Arms Sales Addiction

Taxes and SpendingWar and Foreign Policy

Blog12/06/2019

Despite its supposedly strained relationship with the Saudi regime, the Obama administration, for example, still managed to offer the royals of that kingdom a record $136 billion in US weapons between 2009 and 2017.

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We Don't Need Sunday "Blue Laws"

Media and CultureU.S. History

Blog12/05/2019

Advocates for "blue laws" want to impose more laws on shopkeepers. These moral crusaders should instead start by setting a good example, and stop watching football games, ordering pizzas, or filling up on gas on Sunday.

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Abenomics has Failed Japan. Financial Times Wants to Make it Global.

The FedGlobal EconomyMoney and Banking

Blog12/05/2019

The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.

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Who Is on the Shortlist to Lead the Bank of England?

British politics could potentially be very different next year, but a recent shortlist of candidates to replace Mark Carney doesn't provide much hope for Austrians. 

12/05/2019Power & Market
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The Benefits of Free Trade Are Canceled Out by Domestic Interventionism

Free MarketsGlobal EconomyProtectionism and Free Trade

Trade agreements have thus become obsolete tokens of negotiation in larger geopolitical disputes, protectionist tools for managing and interfering with global trade flows. 

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Serving the Consumer: The Secret to Walt Disney's Success

Blog12/05/2019

Had consumers in 1938 been uninterested in a feature-length cartoon, Snow White would have bankrupted the Disney studio. Instead, Walt Disney was richly rewarded for his risk-taking.

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