Mises Wire

The Pigouvian Tax Is a Myth

Economic PolicyThe EnvironmentTaxes and Spending

Blog7 hours ago

Standard neoclassical economics texts claim a Pigouvian tax will lead to the "optimal" price and production of a good. But "optimality" is a myth.

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Government Intervention Is Fueling Food Shortages

World History

Blog06/24/2022

Neither the Ukraine war nor tough weather changes would threaten a global food shortage in a normal market environment. Unfortunately, world markets are riddled with regulations, killing production.

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Who Owns Federal Reserve Losses and How Will they Impact Monetary Policy?

Money and Banking

The Fed is losing a lot of money. The Fed's  stated plan is to monetize these losses and still report a positive capital and surplus position through the use of “creative accounting.”

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Back to the Future: Progressives Imagine the Good Old Days of Price Controls

Economic PolicyInflationPrice ControlsProgressivism

Blog06/23/2022

Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

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The Return of the Anguish of Central Banking: Why the Fed and Inflation Go Hand in Hand

Central BanksThe FedInflation

Blog06/23/2022

The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.

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Why Police Do Nothing While Kids Are Killed

Blog06/22/2022

Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences. 

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Is Google’s LaMDA Woke? Its Software Engineers Sure Are

Anti-PoliticsMedia and Culture

Blog06/22/2022

One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.

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US Household Saving Rate Vanishes, Credit Card Debt Soars

Money and Banks

Blog06/22/2022

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

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