Mises Wire

The Greatest Thing the Roman Empire Ever Did Was Go Away

World History

Blog6 hours ago

Scheidel contends that the fall of Rome precipitated the kind of competition-driven innovation that made modernity possible in the first place. Rome’s greatest gift to posterity is that, in disappearing, it made room for the West to rise.

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Why Dominion’s Defamation Lawsuits Are Garbage

Bureaucracy and RegulationLaw

Blog7 hours ago

Dominion Voting Systems is a private company in name only. It is a de facto government agency which gets its revenue through taxpayer exploitation. As such, it should be considered ineligible to sue anyone for defamation. 

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Why "Stakeholder Capitalism" Is a Disaster for Entrepreneurs

The Entrepreneur

Blog9 hours ago

The driving force behind the stakeholder capitalism philosophy is precisely that it creates opportunities for political actors to assert disproportionate control over the economy’s resources. 

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When Is Short Selling Fraudulent?

Financial Markets

Blog02/24/2021

Shorting more than the total outstanding shares isn’t perverse or fraudulent, whereas naked short selling—depending on the context—might be.

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The Economics and Ethics of Government Default, Part I

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?

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Almost a Year Later, There’s Still No Evidence Showing Governments Can Control the Spread of Covid-19

Health

Blog02/23/2021

The covid lockdowners still have no explanation for why California and Florida—with such different covid policies—have similar covid death rates. The White House's spokesman on the matter could only say it's "just a little beyond our explanation.”

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No, Drops in Money Velocity Don't Offset Money Printing

InflationMoney and BankingOther Schools of Thought

Blog02/23/2021

According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.

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India's Farming Reform: A Lesson in Interest Group Politics

Cronyism and CorporatismPrice ControlsProtectionism and Free Trade

Blog02/23/2021

If Punjabi farmers had been portrayed as affluent, the media would view them as greedy entrepreneurs. But leveraging the political capital of perceived powerlessness has allowed them to obscure their true status as rent seekers. 

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