Mises Wire

Abolish Government Schools

EducationCalculation and Knowledge

Blog02/24/2020

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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How Fractional Reserve Lending Makes Money Disappear

Blog02/24/2020

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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Trump's Betrayal of Julian Assange

Anti-PoliticsBig GovernmentLegal SystemWar and Foreign Policy

Blog02/24/2020

It is ironic that a president who has been the victim of so much deep state meddling has done the deep state’s bidding when it comes to Assange and Wikileaks. The deep state that Trump is serving by persecuting Assange is the same deep state that continues to plot his own ouster.

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When It Comes to Raw Power, Few Have More of It Than Central Bankers

Media and CultureSocialismValue and Exchange

Blog02/22/2020

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

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Tax Burdens, Per Capita Income, and Simpson’s Paradox

Taxes and Spending

Is there a correlation between wealth and a higher tax burden? After, people like to say that more taxes mean more public services.

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Individual Responsibility and Guilt

Philosophy and Methodology

Blog02/21/2020

Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.

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Why Rothbard Wanted "Radical Decentralization"

Decentralization and SecessionHistory of the Austrian School of Economics

Blog02/21/2020

Secession and decentralization are good for two reasons: they move us toward a society with more individual freedom. And smaller, more decentralized societies are more economically free.

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Blago Is Free

Anti-Politics

Blago's real crime wasn't trying to sell a senate seat, if he did in fact try to do that. Rather his crime was that he refused to appoint the man Obama had picked as his successor in the Senate.

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