Mises Wire

Today's Negative Rates Are the Path to Poverty

Blog12/25/2020

Murray Rothbard wrote, “The rate of interest is the price of ‘time.’” It’s safe to say the world’s central banks have manipulated and mispriced what time is worth.

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The Problem with Mandatory "Socially Responsible Investing"

Financial MarketsFree MarketsTaxes and Spending

Blog12/23/2020

There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least. 

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The American Revolution Was a Culture War

Media and CultureU.S. History

Blog12/21/2020

The Boston Tea Party was an opening act in what came to be a violent culture war and war of national liberation. And it helps us understand how America in 2020 could become as bitterly divided as America during the revolution. 

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The US Money Supply Was up 37 Percent in November

Blog12/16/2020

During November 2020, year-over-year (YOY) growth in the money supply was at 37.08 percent. That's unchanged from October's rate, and up considerably from November 2019's rate of 5.9 percent. 

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The "Proper" Supply of Money

Blog12/16/2020

Determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better.

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Trump’s NDAA Veto Threat Should Force a Conversation on Defense Spending

Corporate WelfareCronyism and Corporatism

Blog12/15/2020

A dirty secret of congressional military spending is that when the government allocates billions in spending, unnecessary, wasteful, and parochial interests quickly find their way into the legislation.

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The Socialists' Plan for "Ecological Leninism"

Book ReviewsThe EnvironmentSocialism

Blog12/15/2020

"The race to zero [carbon emissions] would have to be coordinated through control measures—rationing, reallocating, requisitioning, sanctioning, ordering" and much more.

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The Unintended Consequences of Internet Privacy Regulations

Big GovernmentBureaucracy and Regulation

Blog12/14/2020

Governments are good at shifting risk in sneaky ways, but they can’t legislate it out of existence.

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