Mises Wire

Want to Reduce the Trade Deficit? Cut Government Spending.

Protectionism and Free TradeTaxes and Spending

Blog11/11/2020

A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree. 

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Why the Free Market Liberals Underestimated the Socialists

Blog11/07/2020

They masses only choose between the ideologies developed by the intellectual leaders of mankind. But the masses' choice is final and determines the course of events. If they prefer bad doctrines, nothing can prevent disaster.

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Why Asset Bubbles Involve So Much More Than Just Rising Prices

Booms and BustsMonetary Policy

Blog11/04/2020

What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.

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Why Threats of Election Violence May Be Here to Stay

U.S. History

Blog11/03/2020

A repeated pattern of close elections accompanied by threats of violence (or actual violence) is a sign that something is wrong with a nation's political system.

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Why Socialism Won’t End Worker "Exploitation"

Labor and WagesSocialismCapital and Interest Theory

Blog11/03/2020

Economic realities mean the socialist state would need to utilize the same method of discounting wages as capitalists do. The only difference is that under socialism, bureaucrats would do the "exploitation."

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Want to Make Drugs Less Lethal? Legalize Them.

Blog10/28/2020

With new legalization measures coming to the ballot box, voters have the opportunity to take steps that would reduce the drive to make drugs stronger and more potent, and more deadly. 

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Why the Economy Isn't Controlled by One Big Corporation

SocialismCalculation and KnowledgeMonopoly and Competition

Blog10/27/2020

Why don't corporations just get bigger and bigger until they take over the whole economy? Unlike states, firms aren't necessarily better off as they get bigger.

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Why There is No Such Thing as an Exploitative Monopoly in a Free Market

Cronyism and CorporatismProtectionism and Free TradeMonopoly and Competition

Blog10/26/2020

What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.

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