Mises Wire

Why Should Recent Immigrants and Their Heirs Pay for Slavery Reparations?

Blog08/18/2020

Reparations advocates wish to tax countless millions of Americans descended from people who only arrived in the US after slavery was outlawed, and thus couldn't have possibly been responsible for slavery.

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The Debt-Inflation Spiral Is Driving up the Demand for Gold

Central BanksFinancial MarketsMoney and Banking

Blog08/15/2020

It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.

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A Brief History of the Gold Standard, with a Focus on the United States

Global EconomyU.S. HistoryGold Standard

Blog08/14/2020

Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.

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Trump's Payroll Tax Order Is Good Politics, but Doesn't Offer Much Tax Relief

Blog08/12/2020

Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.

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Why Chicago's Mayor Blames Her City's Murders on Wisconsin and Indiana

Blog08/11/2020

Although it's easier to buy guns in Indiana and Wisconsin than in Chicago, homicide rates are lower in those states than in either Illinois or Chicago.

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Throwing Printed Money at This Problem Won't Make It Go Away

Booms and BustsFinancial MarketsU.S. History

Blog08/10/2020

The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.

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Swamponomics: Trump's Fed Pick, a Kodak Moment, and GDP Misinformation

Cronyism and CorporatismThe FedFinancial Markets

Blog08/08/2020

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

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The Problem with British Slavery Reparations in the West Indies

Labor and WagesWorld History

Blog08/05/2020

A just scheme for reparations requires us to identify specific victims. But current calls for reparations do no such thing. Also, the British economy was not built on slavery, as some now claim.

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