Mises Wire

The EU's Latest Screw-You to the UK Shows a Big Problem with Trade Agreements

Protectionism and Free Trade

Blog02/26/2020

Most "free trade" agreements are really just ways to expand the regulatory state and rob the consumers of the benefits they might have gotten from actual free trade.

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Four Reasons Inequality Isn’t What You Think It Is

The EntrepreneurPovertySocialism

Markets are not the enemy of inequality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.

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Central Banking since the 2008 Financial Crisis

The Fed

Blog02/25/2020

In the wake of the financial crisis of 2008, the Federal Reserve and other central banks around the world adopted new “tools” to influence economic activity in addition to its standard open market operations.

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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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Why Wall Street Bankers and Federal Lawyers Hate Michael Milken

Corporate WelfareCronyism and CorporatismFinancial MarketsLegal System

Blog02/25/2020

Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.

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The WTO Is Both Irrelevant and Unnecessary

Blog02/24/2020

The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.

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Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

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Abolish Government Schools

EducationCalculation and Knowledge

Blog02/24/2020

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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