Mises Wire

Will Punch-Drunk Biden Take America Down with Him?

AntipoliticsBureaucracy and RegulationEconomic Policy

Blog06/08/2022

Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it.

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Why Russia's Authoritarian Regime Continues to Enjoy Public Support

AntipoliticsDemocracyLegal SystemThe Police State

Blog06/02/2022

Vladimir Putin (not unlike President George W. Bush) has led his country into a destructive war, yet the Russian political leadership enjoys wide public support.

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What Krugman Gets Right and Wrong on Trade Surpluses

Protectionism and Free TradeOther Schools of Thought

Blog05/25/2022

Krugman’s recent NYT column on Russia features commentary on trade surpluses that is at best very misleading.

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What Happens When Central Banks Attempt to Tighten? Even More Resource Misallocation

Central BanksThe FedInflationMonetary TheoryPraxeology

Blog05/13/2022

Popular economic wisdom says central banks can counter harmful effects of inflation by raising interest rates. Unfortunately, such moves carry their own forms of misallocation of resources and capital.

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War, Sanctions, and Sanity: A Purely Hypothetical Inquiry

War and Foreign Policy

Blog05/11/2022

Sanctions are promoted as a response to international aggression. Yet, sanctions themselves are a form of aggression that, like war, usually have unhappy endings.

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Why the Warmongers Are Wrong about China

War and Foreign PolicyWorld History

By what yardstick would we threaten war for the independence of Taiwan but continue to tolerate 60 years of totalitarian repression in Cuba, 90 miles away?

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Why Social Issues Dominate

Decentralization and SecessionMedia and CulturePolitical Theory

Blog05/04/2022

Social issues, from abortion to critical race theory to teaching gender identity in elementary schools, dominate our politics and media.

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What Determines Interest Rates? Comparing Mainstream Economics to the Austrian School

Central BanksMoney and BanksCapital and Interest TheoryPraxeology

Blog04/29/2022

The typical mainstream economic view of interest rates ignores an important factor: individual time preferences.

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