Mises Wire

Are Bankruptcies of Some US States in the Future?

Big GovernmentEconomic PolicyPoliticsTaxes and Spending

Blog02/01/2024

Federal spending is not the only out-of-control government spending in the US. A number of states have been overspending and now face declining revenues. Will bankruptcies follow?

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Four Charts That Show Cantillon Effects

CantillonMonetary TheoryMoney SupplyPrices

Blog02/01/2024

Richard Cantillon, whom Austrians consider to be the real father of modern economics, noted that new money creation has uneven effects. Jonathan Newman demonstrates how those effects take place.

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An Open Letter to Walter E. Block

Blog02/01/2024

Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system.

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Navigating the Complexity of Climate Change: A Closer Look at the Scientific Method and Its Challenges

Bureaucracy and RegulationEconomic PolicyMedia and CulturePolitics

Blog01/31/2024

Understanding the scientific method is crucial when examining complex phenomena and related hypotheses like “man is the main cause of climate change.” Unfortunately, "political method" has replaced the scientific method.

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Secession's Opponents Embrace Colonialism and "Enlightened" Central Governments

Decentralization and SecessionWorld History

Blog01/31/2024

Opponents of secession use a moral doctrine which justifies regimes' denial of the right of self-determination. These de facto colonialists tell us separatists are too backward and immoral to be allowed to govern themselves. 

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Biden’s Absurd New Economic Messaging Strategy

Corporate WelfareCronyism and CorporatismPoliticsTaxes and Spending

Blog01/31/2024

The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.

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What is Money? Who Controls Money?

Big GovernmentThe FedMonetary PolicyU.S. History

Blog01/30/2024

While the ruling classes insist that money is whatever the government says it is, historically money has been gold. That has not changed even in the age of debased currency.

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Contra Krugman, Policies of Countering Unemployment Are Costly

Big GovernmentEconomic PolicyUnemployment

Blog01/30/2024

Paul Krugman and other Keynesians believe that since workers are unemployed during a recession, government spending to employ them is costless. Instead of creating wealth, these make-work schemes destroy it.

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