Mises Wire

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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Trump Is Trying to Ride the Pentagon Gravy Train to Reelection

Taxes and SpendingWar and Foreign Policy

Blog03/02/2020

Trump is spinning a narrative in which ever larger government budgets—and ever larger piles of deficit spending—create jobs and make America "safe."

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The US's "Free Trade" Isn't Very Free

Protectionism and Free Trade

Blog02/27/2020

Whether we're talking about the Trump years or not, the idea that the United States embraces unconditional free trade at all costs—while being victimized by foreign protectionists—is based on fantasy.

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The Entrepreneurial Advantages of Building Human Capital While Young

The EntrepreneurMedia and Culture

Blog02/26/2020

Everything you learned from family dinner conversations and your culture served to build your human capital. Across the globe, the people of various regions cultivate certain skills that enable individuals to consider entrepreneurship as a viable choice of work.

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The EU's Latest Screw-You to the UK Shows a Big Problem with Trade Agreements

Protectionism and Free Trade

Blog02/26/2020

Most "free trade" agreements are really just ways to expand the regulatory state and rob the consumers of the benefits they might have gotten from actual free trade.

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The WTO Is Both Irrelevant and Unnecessary

Blog02/24/2020

The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.

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