Mises Wire

Understanding the "Private" in "Private Security"

Legal System

Blog7 hours ago

Ultimately, we are responsible for ensuring our own security and our incentives are aligned with those of third parties with whom we can contract to assist us. In this regard, security is no different than many other desirable things. 

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Understanding Minimum Wage Mandates: Empirical Studies Aren't Enough

Bureaucracy and RegulationLabor and WagesUnemployment

Blog02/09/2021

It is only through the increase in capital goods, i.e., through the enhancement and the expansion of the infrastructure, that labor can become more productive and earn a higher hourly wage. 

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US States Are Seizing More Power in the Name of "Deregulating" Housing

Bureaucracy and Regulation

Blog02/02/2021

Claiming they are "deregulating" housing, some California politicians want to make it illegal for private homeowners associations to restrict the construction of accessory units. This means more regulation and more centralization of power. 

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Understanding the Roots and Causes of Inflation

Money and Banking

Blog01/26/2021

The gold standard has one tremendous virtue: the quantity of money under the gold standard is independent of the policies of governments and political parties.  It is a form of protection against spendthrift governments.

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Unintended Consequences: Some Problems with National Income Accounting

Value and Exchange

Blog01/20/2021

It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.

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Understanding Inequality Requires Much More Than Calling Everything Racist

Media and CulturePhilosophyPoverty

Blog01/16/2021

To offer a semblance of solidarity with the working class, wealthy leftists have substituted identity politics for class conflict, and attempted to recast economic problems as problems of racism or bigotry.  

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Understanding the Proper Meaning of "Equality"

Political Theory

Blog10/29/2020

Private property is not a privilege merely of the property owner, but a social institution for the good and benefit of all, even though it may at the same time be especially agreeable and advantageous to some.

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Unlimited Government: Central Banks and Federal Spending during the Corona Crisis

Financial MarketsMonetary Policy

Blog07/14/2020

The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”

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