Mises Wire

The CDC's Budget Is Larger Now Than Under Obama

Blog03/11/2020

Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.

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The "Market Monetarists" and NGDP Targeting

Financial MarketsMonetary PolicyOther Schools of Thought

Blog03/10/2020

A relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product.

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The Fed Panicked, and Its Rate Cut Is Making the Economy Worse

The FedGlobal Economy

Blog03/09/2020

The Federal Reserve's monumental mistake of cutting rates this past week can only be understood in the context of the rising God complex of central planners: an overwhelming combination of ignorance and arrogance.

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The Oakland Raiders Spike the Ball on Nevada Taxpayers

Cronyism and CorporatismMedia and Culture

Blog03/07/2020

The departed Al Davis, who owned the Oakland Raiders, was famous for saying, “Just win, baby.” But now the team's philosophy is this: “Just raid the taxpayers, baby.”

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The Myth of National Guilt

Media and CultureU.S. HistoryPhilosophy and Methodology

Blog03/06/2020

If we insist on "collective" responsibility assigned to entire nations, then we must naturally punish the innocent along with the guilty.

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The US Constitution Needs an Expiration Date

Big GovernmentDecentralization and SecessionStrategy

Blog03/05/2020

The Swiss constitution wisely puts a "date of expiration" on the central government's taxing power every 10-15 years. Voters have to vote "yes" to extend this power. Americans should demand something similar, both for taxes and for much more.

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The IRS's History of Attacking Political Dissenters and Opponents

Bureaucracy and RegulationTaxes and Spending

Blog03/05/2020

Since politicians increasingly use tax law as a means of regulating American life, the IRS has become a supercharged regulatory organization that goes far beyond just collecting taxes.

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The Fed Slashes Rates as Powell Declares Economy "Strong"

The FedFinancial MarketsMonetary Policy

Blog03/03/2020

Today's rate cut of 50 basis points is the largest rate cut since December 2008, in the midst of the aftermath of the financial crisis. But Chairman Powell insists the US economy is "strong."

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