Mises Wire

The Many Ways Governments Create Monopolies

Bureaucracy and Regulation

Blog01/11/2020

Since outright grants of monopoly or quasi-monopoly would usually be considered baldly injurious to the public, governments have discovered a variety of methods of granting such privileges indirectly, as well as a variety of arguments to justify these measures.

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Universal Basic Income: A Dream Come True for Despots

Big GovernmentThe Police State

Blog01/11/2020

A universal basic income can easily be weaponized as a tool to punish "antisocial" behavior such as holding "unacceptable" political views or otherwise engaging in what the state doesn't like.

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Will a Credit Crisis Threaten Boris's 2020 Brexit Plans?

Decentralization and SecessionFinancial MarketsGlobal Economy

Blog01/11/2020

Last month's election gave Boris Johnson a strong majority in Parliament, but two economic wildcards could trip his new government up.

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The Inescapability of Law, and of Mises, Rothbard, and Hoppe

Legal SystemPhilosophy and Methodology

01/10/2020The Journal of Libertarian Studies
The Murray Rothbard Memorial Lecture, delivered at the 2019 Austrian Economics Research Conference, discusses anarchistic arguments against the classical liberal and social democratic conceptions of the state.
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Economist: Your Freedom Is Dangerous Because You Might Set a Bad Example

Philosophy and Methodology

Blog01/10/2020

Why should we think that government officials are better at acting “rationally” than those they regulate? Even if we were to concede that smoking deserves to be restricted, why should we think the government can do it in a reasonable way?

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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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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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"Low" Tax Rates Often Mask Much Larger Tax Burdens

Taxes and Spending

Blog01/09/2020

The moral of this economic story is that whenever someone who has an incentive to lowball the burden of a tax is speaking or writing, be careful to look at what happens to take-home income as a better guide to policy.

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