Mises Wire

The World Is Drowning in Debt

Big GovernmentGlobal EconomyTaxes and Spending

Blog07/21/2020

Debt is neither free nor irrelevant, as interventionists want us to believe, even if interest rates are low. More debt means less growth and a slower exit from the crisis, with lower productivity growth and a tepid employment improvement. 

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Three Reasons Representative Democracy Doesn't Work

Decentralization and SecessionPolitical Theory

Blog07/20/2020

Even if the idea of democracy were a good one, there is a myriad of problems that come with translating the will of the voters into "representation" in political institutions. 

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The Problem with Africa's Protectionism

PovertyProtectionism and Free TradeWorld History

Blog07/17/2020

Protectionism is often most damaging when it prevents entrepreneurs from accessing products and services that would have increased domestic capital and worker productivity. The result is poorer workers and less productive domestic industry.

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The False-Positive Panic over COVID-19

HealthMedia and Culture

Blog07/16/2020

False positives and false negatives remain a very large problem. Our current testing regime has alarmed the planet without contributing a health benefit.

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The COVID-19 Panic Shows Us Why Science Needs Skeptics

HealthMedia and CultureStrategy

Blog07/15/2020

Every major scientific advance challenged the “settled science” of its day and was often denounced as pernicious and false, even dangerous.

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The First Socialists: The Saint-Simonians and the Utopians

SocialismWorld HistoryOther Schools of Thought

Blog07/13/2020

While collectivism was implied in Sismondi’s idea of a “general interest,” Owen and Fourier offered the first formal expression of full socialist collectivization.

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The "Old" vs. the "New" Liberalism

Blog07/08/2020

The enemies of the system of free enterprise paid liberalism an unintended compliment when they applied the name "liberal" to their own creed, historically the opposite of what liberalism stood for from the start.

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The Dangers Posed by State-Controlled Digital Currency

Central BanksInflationMonetary Policy

Blog07/07/2020

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

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