Mises Wire

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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"Heritage" Designation of Old Buildings Is Both Wasteful and Arbitrary

Free MarketsInterventionismPrivate Property

Blog03/05/2020

After an old red barn was given "heritage protection" by the city council, the owner demolished it anyway. Many townspeople cheered the defiance of the council's blatant violation of property rights.

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Pete Buttigieg's Sovietesque Plan for Rural Revitalization

ImmigrationPovertySocialismTaxes and Spending

Blog02/25/2020

Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.

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Tax Burdens, Per Capita Income, and Simpson’s Paradox

Taxes and Spending

Is there a correlation between wealth and a higher tax burden? After, people like to say that more taxes mean more public services.

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Private Sector Truck Drivers Are Nepal's Lifeline to Clean Water

Blog02/08/2020

Government officials have repeatedly failed to deliver clean water to the people of Kathmandu. So the private sector stepped in to get the job done.

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Shhhh: Repo Operation in Process

The FedFinancial Markets

Blog02/05/2020

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

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"Disabled" Cop Fleeces Taxpayers While Working Full-Time for FBI

HealthSocialism

Blog02/03/2020

Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."

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Are Housing Markets Still Clearing Out the Trash of the Last Bust?

Booms and BustsFinancial Markets

Blog01/20/2020

Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.

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