Mises Wire

"Disabled" Cop Fleeces Taxpayers While Working Full-Time for FBI

HealthSocialism

Blog02/03/2020

Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."

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How Keynesian Ideas Weaken Economic Fundamentals

Other Schools of ThoughtProduction TheoryValue and Exchange

Blog02/03/2020

There is productive consumption and there is non-productive consumption. In the Keynesian mind, it's not necessary to produce anything, so long as people spend and consume endlessly, even to the point of destroying real wealth.

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The State Owns You: The Problem with "National Service"

War and Foreign Policy

Blog02/01/2020

All arguments in favor of mandatory service rest on the idea that an individual's life belongs not to him- or herself, but to the state.

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Why Voting Doesn't Tell Us What Voters Really Want

Decentralization and SecessionStrategy

Blog02/01/2020

In a large enough democracy, the impact of an individual vote is statistically zero on the margin. 

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Your Rational Self vs. Your Irrational Self

Philosophy and MethodologyPolitical Theory

Blog01/31/2020

How can paternalists say that when they make it more difficult for you to smoke they aren’t interfering with your freedom? They've come up with a bizarre rationale.

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Nomi Prins: Repo Injections Are QE by Another Name

The FedFinancial MarketsMonetary Policy

Blog01/31/2020

The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.

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The Era of Boom and Bust Isn't Over

Booms and BustsBusiness CyclesCapital and Interest Theory

Blog01/31/2020

Central banks have done nothing to end the boom-and-bust cycle. Instead, their unscrupulous interventions in credit markets just prolong the boom. But it's a huge mistake to assume that bringing market interest rates to zero will create a perpetual boom.

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The State Is a Predator. It Can't Be Used to Achieve Libertarian Ends

Philosophy and Methodology

Blog01/30/2020

In portraying the state as an integral part of economy and society, advocates of "state capacity libertarianism" ignore the state's unique political, i.e., predatory, nature.

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