Mises Wire

In Defense of Defaulting on the National Debt

Cronyism and CorporatismThe FedU.S. Economy

Blog06/20/2022

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

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144 Million Americans Now Live in States with Legal Recreational Marijuana

Decentralization and Secession

Blog06/20/2022

Were these cannabis-legal states to combine to form their own country, it would be the tenth-largest country in the world.

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Powell's "Soft Landing" Is Impossible

Money and Banks

Blog06/20/2022

After more than a decade of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, a soft landing is impossible.

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Juneteenth and Secular Holidays as Tools of the Regime

Media and CultureU.S. HistoryWorld History

Blog06/20/2022

Juneteenth is an example of a fiat holiday, imposed upon the nation by an imperial city to promote a specific cultural agenda.

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The Curious Case of Ilya Shapiro

Blog06/18/2022

The Beltway is no place for loyalty.

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The Great Crash of 2022

The FedInflationU.S. EconomyBusiness Cycles

Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.

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How Money Printing Destroyed Argentina and Can Destroy Others

Blog06/18/2022

Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.

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A Triple-Barreled Gun Is Destroying African Economies: Inflation, Government Debt, and Taxes

Bureaucracy and RegulationInflationPovertySocialismTaxes and Spending

Blog06/17/2022

African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.

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