Mises Wire

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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The Fed: Why Federal Spending Soared in 2020 but State and Local Spending Flatlined

Taxes and Spending

Blog06/25/2021

In 2020, federal spending grew year-over-year at the highest rate since the Korean War. But state and local spending growth flatlined. Why? The answer lies with the Federal Reserve and how the feds can spend and borrow a lot more than any state. 

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Privatize the Police

The Police StatePrivate Property

Blog06/25/2021

One big problem a government police force must always face is: What laws really to enforce? Police departments are theoretically faced with the absolute injunction, “enforce all laws,” but in practice scarcity means only some laws are enforced. Which ones?

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An "Open Mind" Is of No Use When It's Open to Lies

Philosophy

Blog06/25/2021

Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s minds to what government bureaucrats wanted. 

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