Mises Wire

Why Slave Economies Thwart Entrepreneurial Innovation

CapitalismU.S. HistoryWorld History

Blog10/15/2020

In a slave economy, slave owners seek technological innovations that make slave labor more productive. But they also place inefficient and artificial limits on innovations that might change the established social order.

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Why "Taxing the Rich" Doesn't Make Us Better Off

Blog09/28/2020

Because the rich generally save and invest more of their income than the less wealthy, they are the primary builders of the pool of available capital. Taxing away their incomes means less capital for everyone.

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What Is Conservatism?

Blog09/24/2020

Although many Americans often conflate the two ideologies, conservatism and (classical) liberalism are historically quite distinct. Indeed, conservatism has long been explicitly hostile to both capitalism and classical liberalism.

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Why Entrepreneurs—Unlike Politicians—Seek to Truly Serve the Public

Blog09/04/2020

An entrepreneur earns profit by serving the consumers, the people, as they are and not as they should be according to the fancies of some grumbler or potential dictator.

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Why Should Recent Immigrants and Their Heirs Pay for Slavery Reparations?

Blog08/18/2020

Reparations advocates wish to tax countless millions of Americans descended from people who only arrived in the US after slavery was outlawed, and thus couldn't have possibly been responsible for slavery.

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Why Chicago's Mayor Blames Her City's Murders on Wisconsin and Indiana

Blog08/11/2020

Although it's easier to buy guns in Indiana and Wisconsin than in Chicago, homicide rates are lower in those states than in either Illinois or Chicago.

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What the Supreme Court Got Right in Its Indian Tribe Ruling

Decentralization and SecessionLegal System

Blog07/11/2020

The Supreme Court this week limited a state government's control over what is supposed to be a sovereign Indian tribe. The next step lies in limiting federal control over the tribe also. 

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Why GDP Metrics Won't Tell Us Much about the Post-COVID Recovery

Blog06/06/2020

GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.

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