Mises Wire

Fed Transparency Won't Get Us out of the Mess the Fed Created

Money and Banking

Blog04/06/2021

There is much talk these days about Fed "transparency" easing the effects of monetary policy. But it is not possible to deflate the present gigantic monetary bubble without a severe economic bust, and a policy of transparency employed by the Fed cannot prevent the inevitable bust.

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Biden and Janet Yellen Are Pushing a Global Minimum Tax Rate. The EU Is Very Pleased.

Taxes and Spending

Blog04/06/2021

Globalists know that so long as sovereign states have the ability to set their own tax rates, regimes are tempted to engage in “tax competition” in order to attract capital. The cure to this “problem” is a global minimum tax rate.

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Major League Baseball Punishes Georgians for the Acts of a Handful of Politicians

U.S. History

Blog04/06/2021

Major League Baseball's boycott of Georgia only makes any sense at all if we conflate every single Georgia resident with the regime itself. But in the real world the claim that "we are the government" has always been nonsense. 

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The Feds Are Pushing Pension Funds toward "Socially Responsible Investing"

Financial Markets

Blog04/06/2021

Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all.

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Why Postmodernism Is Incompatible with a Politics of Liberty

Philosophy and MethodologyPolitical Theory

Blog04/05/2021

Postmodernism lends itself to totalitarianism. Once beliefs aren't constrained by the object world, an idea can't be wrong, and the intellectual battleground becomes a political one, a struggle to impose certain ideas on all.

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The Economics and Ethics of Government Default, Part III

Financial MarketsTaxes and SpendingPolitical Theory

It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers. 

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The Tyranny of the "Enlightened" Experts

Health

Blog04/05/2021

Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying. 

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Big Debt Plus Rising Interest Rates = Big Danger

Money and Banking

Blog04/03/2021

"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago."

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