Mises Wire

The Big Reason Mises Rejected Marx's Dialectical Materialism

SocialismPhilosophy and Methodology

Blog9 hours ago

The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.

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The Problem with Measuring "Happiness"

Blog05/16/2020

Money really does buy happiness—up to a point. But at all income levels, happiness is very, very subjective.

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The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

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The 1497 Cornish Tax Rebellion

Taxes and SpendingWorld History

Blog04/17/2020

As states in various areas of the Continent embarked on centralization and territorialization in the fourteenth century, communities very often took up arms against forms of taxation. The Cornish Rebellion of 1497 against national taxation is an example of this trend.

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The Pandemic Exposed the Frailty of the Financial System

Booms and BustsFinancial Markets

Blog04/04/2020

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral.

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The Chinese Regime Has Made China's Woes Much Worse

Cronyism and CorporatismHealthSocialism

Blog03/21/2020

Whether we're talking public health or economic growth, the Chinese regime's love of intervention and centralization has led to one crisis after another.

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The Fed Has Sufficient Tools—to Wreck the Economy

Booms and Busts

Blog03/17/2020

These famed "tools" of the central bank are nothing but cunning and arcane techniques for conjuring additional trillions of dollars out of thin air and pumping them into the global economy.

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The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

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