Mises Wire

Why the US Supports Secession for Africans, but Not for Americans

Decentralization and Secession

Blog06/10/2021

The United States has long supported the idea of secession and "self-determination" for some faraway colonies. But the US regime is careful to define self-determination so as to deny any chance of secession closer to home. 

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With Capitalism, Cooperation Is Just as Important as Competition

The Entrepreneur

Blog06/10/2021

Free consumers and business owners always seek to cooperate in the marketplace. After all, "suppose there were no coming together, each individual dependent solely on his or her own thoughts and productivity…. All would starve!"

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Why Keynes Was Wrong about Unemployment

Labor and Wages

Blog06/10/2021

Henry Hazlitt’s second law is the observation that everything in Keynes's General Theory is either unoriginal or untrue. Keynes's theory of unemployment equilibrium is the most original aspect of his work. 

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How the Federalists Stacked the Deck to Win Ratification

U.S. History

Blog06/09/2021

The Federalists employed all the tricks: from delaying the postal delivery of Antifederalists' pamphlets to waging a propaganda war in the press. The Federalists also did their best to limit suffrage only to groups likely to vote for ratification.  

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Why Monetary "Stimulus" Won't Prevent an Economic Bust

Money and Banks

Blog06/09/2021

If the Fed were to embark on aggressive monetary pumping to counter economic recession this will not produce the intended effect. It will only dilute the pool of real savings and make things worse.

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Biden’s Budget Plan: Weaker Growth and Fewer Jobs

Global Economy

Blog06/09/2021

When you copy the European Union, you also should know you will get European Union–style lack of growth and job creation.

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Without Sound Economics, the Progressives Win

Blog06/08/2021

Many subscribe to the mistaken belief that the facts speak for themselves, that experience and common sense by themselves can explode false interpretations. The march of Progressivism has proven this fanciful idea wrong. 

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"Supply Bottlenecks" as an Excuse for Inflation

Money and Banks

Blog06/08/2021

First, money is aggressively printed with the excuse that “there is no inflation.” When inflation rises, central banks and governments tell us that it is “transitory” or due to “multicausal” effects.

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