Mises Wire

Inflation: The Rumors of its Death are Greatly Exaggerated

Blog05/06/2019

The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.

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The Arbitrary Line Between Legal Bribery and Illegal Bribery

Bureaucracy and RegulationWorld History

Blog04/23/2019

The corruption scandal that now plagues Justin Trudeau goes back to the rather questionable notion that the Canadian government ought to regulate contracts in foreign countries, while also setting an arbitrary distinction between legal and illegal bribery.

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Government's Counterproductive War Against Smoking

Bureaucracy and Regulation

Blog04/20/2019

The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.

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Keynes and the Versailles Treaty's Infamous "Article 231"

Blog04/05/2019

Historians have neglected the role of John Maynard Keynes in writing some of the worst provisions of the Versailles treaty — which sowed the seeds of World War II.

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Banks' Unrealized Losses Soon to Be Realized

04/04/2019Power & Market
The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Read More

Double Standards Are Rampant in Canada's Drug War

Blog03/22/2019

On both the left and the right in Canada, politicians are using the Drug War — and all the lives it needlessly ruins — to play political games that help only the politicians. 

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Forget Guaranteed Income — Governments Should Stop Destroying Income First

Blog03/19/2019

Before having government "guarantee" income, we should probably stop it from destroying so many jobs through regulation, first. 

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Government Pensions, Incentives, and Our Everlasting Welfare State

Taxes and Spending

Blog03/07/2019

It turns out that workforce participation drops off significantly once it becomes possible to live off a government pension instead. Thus, pension policies have placed an enormous burden on those who still have to work.

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