Mises Wire

Why Do We Act against Our Self-Interest?

DemocracyPoliticsRationalismPhilosophy and MethodologyPolitical Theory


Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others.

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Wall Street to the Fed: Inflation Is Over. Give Us More Easy Money!

Money and Banks


The problem here not that the central bank is "setting" the "wrong" interest rate. The problem is the Fed has long been relentlessly forcing down interest rates to satisfy various politically determined "needs."

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Why Barbados Advanced Economically While Jamaica's Growth Lagged

DemocracyEconomic FreedomEducation


Even though Barbados and Jamaica had more similarities than differences when they became independent of Great Britain, Barbados developed its economy much more quickly.

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Was Japanese Colonialism the Engine of Later Prosperity for Korea and Taiwan? Probably Not

CapitalismThe EntrepreneurWorld History


While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.

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Washington Has No Moral Authority to Ban Guns

Big GovernmentThe Police StateWar and Foreign Policy


Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example.

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Will a New BRICS Currency Change Anything? Maybe

Central BanksGlobal EconomyMonetary PolicyWar and Foreign Policy


As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.

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Why the Chinese Yuan Won't Kill the Dollar


The yuan won't topple the dollar as the preferred global reserve currency. But the dollar could commit "suicide" if the US doesn't change its monetary policy in a big way. 

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Why Fox Fired Tucker: BlackRock, Replacement Theory, and the ADL

Media and CulturePolitical Theory


The recent firing of Tucker Carlson by Fox News has set off speculation as to why Fox pulled the trigger. It's no mystery, writes Michael Rectenwald.

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