Mises Wire

The Fundamental Economic Problem with Biden's Rescue Plan

Political TheoryValue and Exchange

Blog04/30/2021

Do huge wealth redistribution schemes like Biden's new plan actually make people better off? Some people will get a net benefit. How how numerous are they? How many millions will take a net loss? The government has no idea.

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Lord Acton: Libertarian Hero

World History

Blog04/30/2021

When some years ago I first read Murray Rothbard's description of Lord Acton as "the great Catholic libertarian historian," I suspected overstatement. The more I learned from and about Acton, however, the more Rothbard's words rang true. 

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Milton Friedman's Methodological Mistake

Other Schools of ThoughtPraxeology

Blog04/30/2021

Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.

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Tobacco Smokers: America's Most Persecuted Minority

Big Government

Blog04/29/2021

If today they come for the smoker, tomorrow they will come for you. Neo-Prohibitionism has been long on the march.

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Local Nullification: A Way to Fight Both State and Federal Despots

Decentralization and Secession

Blog04/29/2021

Local nullification offers a practical guide to resisting tyranny in a way that reflects the real wishes of local community members against the ivory-tower mentality of their government “representatives.”

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Vengeance and Sacrifice: Whiteness as Scapegoat in Critical Race Theory and Critical Whiteness Studies

Media and CulturePhilosophy

Blog04/29/2021

The ideas of critical race theory and critical white studies shield a ruling elite from vengeance by attempting to make the mass of white people the scapegoat for their own crimes.

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Monetary Savings versus Real Savings

Money and Banking

Blog04/28/2021

What matters for real economics is real savings, not increases in consumer spending driven by money printing. The best way to get an increase in savings is to decrease both money pumping and government spending. 

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How Markets Have Delivered More Economic Equality

Poverty

Blog04/28/2021

People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. 

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