Mises Wire

The Tyranny of the Minority Is Just as Dangerous as the Tyranny of the Majority

Free MarketsPolitical Theory

Blog06/30/2021

We should be quite skeptical when states impose the opinion of minority groups on the majority through special programs in schools and elsewhere. Such programs likely involve “positive discrimination” against particular groups, consistent with state objectives.

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Fannie and Freddie Are Just Government Agencies. They're Likely to Stay That Way.

U.S. History

Blog06/29/2021

Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations. 

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Since When Is a Half-Point Rate Hike (2 Years from Now) "Hawkish"?

Money and Banks

Blog06/29/2021

The Fed says rate hikes are at least two years away. A lot can happen in two years, and since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?

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The Stimulus Boom Is Already Over. Now Comes Stagnation.

Booms and Busts

Blog06/28/2021

It's already clear that after an initial sugar high caused by stimulus funds, there's now hardly any "bang for the buck" from stimulus funds. In fact, governments are spending millions for each job "created" by stimulus.

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Beyond the Fed: "Shadow Banking" and the Global Market for Dollars

Money and Banking

Blog06/28/2021

Although it conjures up scary imagery, shadow banking is simply a term for banking operations that occur through financial intermediaries that are not traditional commercial banks.

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Interventionism Turns Crisis into Depression

Booms and Busts

Blog06/26/2021

Interventionism does not work because it misallocates resources in the economy. More importantly, it disturbs, distorts, and destroys the corrective process whereby market actors reallocate resources back into a sustainable framework.

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What Happens When the State Has Power over Adoption Agencies

U.S. History

Blog06/26/2021

Local governments now control child adoption in America. A recent Supreme Court ruling highlights just how political and capricious local officials can be in exercising this power. 

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No, Bernie, Collegiate Athletes Do Not Need a Union

Labor and Wages

Blog06/26/2021

The Sanders proposal comes with all of the hidden costs and other unwanted surprises that one would expect from a politician who has supported totalitarian governance for all of his political life.

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