Mises Wire

Three Reasons Why the Biden Tax Increase Makes No Sense

Taxes and Spending

Blog05/06/2021

Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.

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The Ruling Class Only Cares about Democracy When It Helps Them

Blog05/04/2021

Democracy is only acceptable when the outcome is what the ruling class wants. Fortunately, the federal courts are always handy to overturn the results of free elections. 

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The "Miracle Recovery" Narrative: We'll Just Print Our Way to Prosperity

Booms and Busts

Blog05/03/2021

With a new round of panic-induced lockdowns, the situation in Europe is one closely resembling a state of national emergency. Yet the official narrative tells us the European economy is robust and flourishing. Time for a reality check.

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The Dark Side of Yield Curve Control Policy

Money and Banking

Blog05/03/2021

The interest control policy is ultimately an admission of “fiscal dominance.” That is, it is increasingly difficult to deny that the state's budget situation is what dictates monetary policy. Now, monetary policy must first serve the interests of the regime itself. 

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The American Rescue Plan: Limits of the Highly Visible

Booms and BustsCronyism and CorporatismEconomic Policy

Blog05/01/2021

In the long run, economic stimulus creates no shortage of losers. The state’s objective is always to extract as many eggs from the golden goose as possible, only now it's not important to keep the goose alive.

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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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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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The Debate over the Scope of National Power

U.S. History

Blog04/27/2021

The nationalists at the Constitutional Convention had so far carried the substance of their program: the creation of a supreme national government and a Congress empowered to veto state laws whenever Congress thought the states "incompetent." 

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