Mises Wire

The Rise of Mega–Gambling Facilities: A New Skyscraper Curse?

Booms and BustsFinancial Markets

Blog11/06/2020

Circa casino’s new three-story, 78 million–pixel, high-definition screen in its sportsbook gambling compound may represent a new frontier in mega–building trends similar to those of skyscrapers. 

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The Fed's Balance Sheet May Be Headed to $40–$50 Trillion

The FedFinancial MarketsTaxes and Spending

Blog10/30/2020

If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion. 

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Today's Anticapitalists Are Closer to Fascism Than They Think

ProgressivismSocialismPolitical Theory

Blog08/06/2020

Today's anticapitalists fall into a familiar pattern pioneered by Mussolini and Giovanni Gentile.

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The Problem with "Wandering" Police Officers

Legal SystemThe Police State

Blog06/16/2020

Some police officers are able to easily get rehired by law enforcement agencies even though they were forced out of other departments for misconduct. That's a problem.

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The Flexner Report and Our Modern Medical Cartel

Bureaucracy and RegulationHealth

Blog06/10/2020

The medical profession has long employed the state to pad doctor salaries and influence. Before the Flexner Report, mechanics made more than doctors and the brightest students avoided the profession to enter the clergy.

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The Convention Center Bubble Will Soon Pop

Booms and Busts

Blog04/21/2020

The COVID-19 depression will expose the Las Vegas convention center bubble for what it is: a massive malinvestment.

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The Fed Offers "Bread," but No Circuses

InflationTaxes and Spending

Blog04/04/2020

The truth is that you and I need goods and services to live, not electronically printed dollars.

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The European Central Bank Is Being Stretched to Its Breaking Point in Italy

Blog03/23/2020

At this point, monetary policy can't save Italy. Promises from Europe's central bank have allowed Italian policymakers to avoid coming to terms with Italy's bankrupt reality. Until now.

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