Mises Wire

Taxation and Theft, Viking Style

Taxes and SpendingWorld HistoryPolitical Theory

Blog11 hours ago

When Vikings robbed their victims, they often called the booty gjald (debt) as if the stolen goods were repayment for a service provided by the robbers.

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The Cure for Inflation

Blog09/25/2020

Although huge government expenditures are not in themselves inflationary, a large deficit is almost certain to be financed by inflationary means—by directly or indirectly printing more money.

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Three Barriers to Improving Poverty Rates in America

Poverty

Blog09/24/2020

Government policy encourages single parent household formation while discouraging full-time employment and driving up housing costs.

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The Gender Feminist–New Left–Marxist Axis Attacks All Civil Society

ProgressivismSocialismPolitical Theory

Blog09/19/2020

Gender feminism, the New Left, and Marxism all share an anticapitalist stance and the framework of class struggle. The difference is that gender feminism, the New Left, and their ideological heir have redefined the antagonists.

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Turning to Keynes in this Crisis Will Only Make Things Worse

Booms and BustsMonetary PolicyProduction Theory

Blog09/19/2020

If policymakers finally let a real economic "correction" and recession happen, it means the economy will finally turn toward doing what the consumers actually want.

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Too Much Centralization Is Turning Everything into a Political Crisis

Decentralization and SecessionMedia and CultureStrategy

Blog09/19/2020

The task ahead is to demonstrate that whatever the sacrifices required to achieve more localized decision-making might be, centralization is too dangerous to continue.

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The Fed Is Planning Another Ultralong Period of Ultralow Rates

Blog09/17/2020

The Fed plans to keep interest rates near zero, while monetizing debt, financing zombie companies, and pouring new dollars into the market. But that may not be enough.

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The Problem with "Predictive" Theories of Economics

Book ReviewsPhilosophy and Methodology

Blog09/17/2020

There is almost never clear evidence that a theory's predictions are false. You can always adjust something in the theory to make it come out true, and that is what all too many economists do.

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