Mises Wire

Scam Baiters Take an Active and Entertaining Role in Fighting Cybercrime

Decentralization and SecessionLegal SystemStrategy

Blog03/09/2021

US government agencies like the FBI remain incapable of bringing foreign online scammers to justice. Fortunately, in their place, internet “vigilantes” have answered the call to action.

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Value Is Subjective: Neither Gold Nor Crypto Have "Real Value"

Money and Banks

Blog03/09/2021

The fact that gold can be used for, say, industrial purposes does not mean it has "real value" while more intangible goods and services have none.

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Wind Power Is a Disaster in Texas, No Matter What Paul Krugman Says

The Environment

Blog03/08/2021

Normally the boosters of renewable energy point with pride to Texas, yet when wind collapsed during the deep freeze, suddenly even its biggest fans admit that nobody ever thought it could do the same job as natural gas.

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Capital and Labor Both Suffer under Minimum Wage Mandates

Bureaucracy and Regulation

Blog03/08/2021

Rising unemployment is just one outcome of minimum wage mandates. Capital accumulation and labor productivity will also be hurt. 

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Why Europe's Left Wants a European Financial Superstate

Global EconomyMoney and Banking

Blog03/08/2021

If Europe wants to build wealth for its poorest members, it needs private entrepreneurship. But entrepreneurs need exactly the opposite of the Keynesian plan for building a European superstate. 

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The Fed's Money Supply Measures: The Good News—and the Really, Really Bad News

Money and Banking

Blog03/06/2021

Here's a likely reason the Fed has chosen to hide its data on government deposits: the explosion of Treasury deposits at the fed “fuels … suggestions that the Fed is directly financing the government [and] foster[s] uncertainty about central bank independence.”

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The V-Shaped Recovery Never Happened

U.S. Economy

Blog03/06/2021

Some may remember all that talk about a "V-shaped recovery" last year. That was back when we were being assured that just a few weeks of lockdowns was going to bring the economy roaring back. Clearly, that never happened. 

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To Understand Economics, First Understand Private Property

World HistoryMoney and Banking

Blog03/06/2021

Rothbard recognized that money and exchange could not develop without first establishing private property. So Rothbard also recognized that it was important to develope theories of how private property might come about. 

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