Mises Wire

Why Wall Street Bankers and Federal Lawyers Hate Michael Milken

Corporate WelfareCronyism and CorporatismFinancial MarketsLegal System

Blog5 hours ago

Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.

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Socialism Always Fails

HealthSocialism

Blog02/08/2020

To a socialist socialism is a moral imperative, and the only thing holding back the implementation of this system in the US has been the failure of socialists to present a plausible alternative—something that socialists claim now is being done.

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The Federal "Crimes" of the College Admission Scandal Aren't Real Crimes

Legal SystemMedia and Culture

Blog01/13/2020

All of the “crimes” tied to this case are essentially fictional charges that are derived from some other action. These are "derivative crimes," based on invented violations such as "false statements" or "obstructing the mails."

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Conservatives Are Increasingly Wrong about Market Freedom

Cronyism and CorporatismLabor and WagesMedia and CultureU.S. History

Blog01/10/2020

The conservative case against market freedom is based on the belief that if change disrupts the status quo in any way, or if companies impose cost reductions that result in a shifting of employment — or even some layoffs — then government should step in and take control.

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Hunter-Gatherers Ravaged the Environment. Industrialization Saved It.

The EnvironmentMedia and CultureWorld History

Blog01/01/2020

Hunter-gatherer societies stripped the local environment of resources and then moved on to another place. There was nothing environmentally responsible about this sort of economy, in spite of modern efforts to portray prehistoric humans as tree huggers.

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What an Independent Britain Could Learn from Singapore

Decentralization and SecessionFree MarketsWorld History

Blog12/28/2019

Singapore left both the British Empire and Malaysia before finally becoming an independent city. It then proceeded to become one of history's most impressive economic success stories.

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How Bernie Sanders and Elizabeth Warren Are Channeling Venezuela's Hugo Chávez

SocialismWorld History

Blog12/17/2019

That so many voters, pundits, academics, and media figures are taken in by the Warren-Sanders wealth confiscation and redistribution schemes does not bode well for our economic and political future.

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The Disaster of Zimbabwe's Price Controls

Global EconomyWorld History

Blog12/16/2019

Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.

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