Mises Wire

The Real Estate Boom in Vegas Is More Frenzied Than Ever

U.S. Economy

Blog05/17/2021

In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions. 

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Yes, Paul Krugman, Booms Are Unsustainable

U.S. EconomyU.S. History

Blog05/15/2021

Austrians do not question booms because they don’t like prosperity or because they have character defects. Rather, Austrians understand that booms involve lines of investment in areas of production that cannot be sustained.

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"Infrastructure" Is Now Anything the Government Wants to Do

Taxes and Spending

Blog05/15/2021

Just as SJWs redefined justice as "social justice"—with big implications for how we view true justice—politicians are redefining infrastructure to justify even more government intervention in daily life.

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Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax Increase

Taxes and Spending

Blog05/15/2021

Raising the US corporate tax would drive more capital out of the US. But the tax hike will be less risky if the US can get other countries to raise their tax rates as well. 

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Vaccine Passports and Medical Paternalism

Health

Blog05/14/2021

The world's regimes have long been devoted to regulating every aspect of "health" in accordance with what central planners want. The covid panic offered them an opportunity to greatly expand these powers.

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These European Countries Beat Poverty and Increased Wealth with Low Taxes and Low Regulation

Global Economy

Blog05/14/2021

Social democrats love to denounce low-tax, probusiness regimes as "neoliberal" and as places with more poverty. But the reality is that parts of Europe that embraced markets most reduced poverty while making their citizens richer. 

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The US Government Is On Track to Top Last Year's Record-Breaking Deficits

Taxes and Spending

Blog05/13/2021

The deficit for the year is pushing $2 trillion. And we still have five months to go until the end of the fiscal year. Only during World War II were the deficits so huge in relation to GDP. Meanwhile, the Fed continues to print money to buy more Federal debt.

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There's No Reprieve in Sight from the "Monetary Repression Tax"

Money and Banking

Blog05/13/2021

There is nothing new in a fiat-money central bank imposing an effective tax on the public’s holdings of government debt by manipulating interest rates. But few thought it could go on this long. 

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