Mises Wire

A Never-Ending Story of Bailouts, Moral Hazard, and Low Economic Growth

Cronyism and CorporatismU.S. EconomyU.S. History

Blog06/25/2020

The history of bailouts in the United States is a record of broken promises and growing moral hazard.

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The Corona Crisis Could Bring a New Era of Decline for American Core Cities

Blog06/25/2020

Faced with declining city budgets, harsh future COVID lockdowns, and more riots, many residents and business owners in America's core cities will likely decide the cities aren't worth the trouble anymore.

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The Austrian "Credit Money" Craze of 1920

After the Great War, Austrian cities and towns began issuing their own money. The Germans tried something similar, but without the voluntary and decentralized aspects of the Austrian model. German disaster ensued.

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Why Central Banks Are a Threat to Our Savings

Money and Banking

Blog06/25/2020

Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.

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New Colorado Police Reform Ends Cops' Qualified Immunity and Sidesteps Federal Courts

Blog06/24/2020

Federal judges invented the notion of "qualified immunity" to protect police from lawsuits. So now Colorado has done an end run around the federal courts and removed qualified immunity as a defense.

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The Forgotten Greatness of Rothbard’s Preface to Theory and History

History of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

Blog06/24/2020

Providing the opening for Mises’s great methodological work gave Rothbard the opportunity to set down his perspective on the importance of the praxeological method.

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The State: The Deadliest Virus

Big GovernmentSocialism

Blog06/24/2020

The deadliest virus consists of the deification of human reason and the systematic use of coercion, which the state embodies.

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Why the Central Bank "Bailout of Everything" Will Be a Disaster

Cronyism and CorporatismThe FedMoney and Banks

Blog06/24/2020

The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.

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