Mises Wire

South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

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Brexit: Predictions of Economic Doom Show Why People Ignore "Experts"

Bureaucracy and RegulationProtectionism and Free Trade

Blog02/03/2020

Experts who predicted economic doom as Brexit approached obsessed over the problem of "transaction costs" in trade. But the EU was imposing countless new transaction costs of its own.

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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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How Keynesian Ideas Weaken Economic Fundamentals

Other Schools of ThoughtProduction TheoryValue and Exchange

Blog02/03/2020

There is productive consumption and there is non-productive consumption. In the Keynesian mind, it's not necessary to produce anything, so long as people spend and consume endlessly, even to the point of destroying real wealth.

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The State Owns You: The Problem with "National Service"

War and Foreign Policy

Blog02/01/2020

All arguments in favor of mandatory service rest on the idea that an individual's life belongs not to him- or herself, but to the state.

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Why Voting Doesn't Tell Us What Voters Really Want

Decentralization and SecessionStrategy

Blog02/01/2020

In a large enough democracy, the impact of an individual vote is statistically zero on the margin. 

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Your Rational Self vs. Your Irrational Self

Philosophy and MethodologyPolitical Theory

Blog01/31/2020

How can paternalists say that when they make it more difficult for you to smoke they aren’t interfering with your freedom? They've come up with a bizarre rationale.

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Nomi Prins: Repo Injections Are QE by Another Name

The FedFinancial MarketsMonetary Policy

Blog01/31/2020

The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.

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