Mises Wire

The Drug War: An Irrational Crusade

LawThe Police State

Blog05/22/2023

The drug war of the last half century has incarcerated millions and created havoc. What it hasn't done is eliminate people using drugs without government permission.

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Thanks to Sanctions, the US Is Losing Its Grip on the Middle East

War and Foreign Policy

Blog05/20/2023

While the US ratchets up efforts to isolate its many enemies, the Chinese, the Saudis, the Arab League, and OPEC all shrug and look to increasing international communication and trade.

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Rothbard: Essentials of Money and Inflation

Big GovernmentThe FedMoney and Banking

Blog05/20/2023

The government and its central bank act precisely as would a grand counterfeiter, with very similar social and economic effects.

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The Five Stages of Bank Failure Grief

Cronyism and CorporatismThe FedMoney and BanksU.S. Economy

Blog05/20/2023

We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger.

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Crowding Out: The Fed May Be Killing the Private Sector to Save the Government

Money and Banks

Blog05/20/2023

A "soft landing" is impossible unless the government cuts both taxes and government spending at the same time interest rates are rising. This won't happen, so get ready for a hard landing. 

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Government Redistribution Is the REAL Trickle-Down Economics

Bureaucracy and RegulationCronyism and CorporatismProgressivism

Blog05/19/2023

President Biden recently claimed that "trickle-down economics" doesn't work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics.

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There's No Place like Noam

Cronyism and CorporatismEconomic FreedomWar and Foreign PolicyInterventionismPhilosophy and Methodology

Blog05/19/2023

Noam Chomsky's latest offering—a series of interviews—presents the best (and worst) of one of America's premier public intellectuals.

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Bank of England Economist: Britons Need to Accept That They’re Poorer

Central BanksInflationMonetary Policy

Blog05/19/2023

Although the Bank of England is largely responsible for inflation in the UK, its leaders blame British consumers and workers for the price increases.

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