Mises Wire

New Jobs Report: Full-Time Jobs Disappear as Fewer Americans Find Work

U.S. Economy

Blog02/10/2024

The jobs report is only something to brag about if one's definition of a strong jobs economy is one in which fewer people have jobs, full-time jobs are disappearing, and government jobs are a growing component of overall job growth.

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Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability

LawLegal SystemPoliticsProgressivism

Blog02/10/2024

At the urging of a progressive prosecutor, a Michigan jury this week vastly expanded criminal law to convict parents of a school shooter who themselves had not broken the law.

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The Fed Claims the Banking System is "Sound and Resilient." The Banks' Balance Sheets Say Otherwise

The FedMonetary PolicyU.S. EconomyMoney and Banking

Blog02/10/2024

In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.

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What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much

Big GovernmentCorporate WelfareCronyism and CorporatismWar and Foreign Policy

Blog02/09/2024

Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire.

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"Nonsense on Stilts": The Rhetorical Cornerstone of the American Welfare/Warfare State

World History

Blog02/09/2024

In his new book, Paul C. Graham describes the 1789 Constitution as an attempted coup by the nationalists to consolidate power in the national capitol. At the constitutional convention Alexander Hamilton proposed a permanent president who would appoint all governors.

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The Dangerous Consequences of the German Historical School

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory

Blog02/09/2024

While the German HIstorical School might not have the intellectual influence it once did, its doctrines caused enough damage to alter the direction of world history. And not in a good way.

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The Double-Edged Sword of School Choice

Big GovernmentBureaucracy and RegulationEducationTaxes and Spending

Blog02/09/2024

School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control.

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Vilfredo Pareto, Pessimistic Follower of Molinari

World History

Blog02/08/2024

Expanding mass support for socialism in the 1890s put a rude end to the optimism of laissez-faire liberals. Many saw that the twentieth century would put an end to the great civilization that had been the product of nineteenth-century liberalism. 

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