Mises Wire

Small Countries Are Better: They're Often Richer and Safer Than Big Countries

Decentralization and SecessionWorld History

Blog02/11/2020

Smaller countries have often been shown to perform better than large countries in terms of overall income and in economic growth. Also, their populations often enjoy more healthy and safe social environments.

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Standard Open Market Operations: How the Fed and Commercial Banks "Create Money"

The FedMoney and Banking

Blog02/10/2020

Robert Murphy defines some of the conventional “monetary aggregates,” such as M1 and M2, and gives the textbook rundown of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.

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Europe Can't Afford a New "Green Deal"

The EnvironmentGlobal Economy

Blog02/10/2020

As H. L. Mencken wrote, “For every complex problem there is an answer that is clear, simple, and wrong.” The EU's Green Deal is the latest example.

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Why Open Borders Between States in America Might Lead to Disaster

Blog02/07/2020

The lack of state-to-state border controls has often served as an excuse to increase federal regulation of all states in the name of "uniform" laws. We've seen this with guns, drugs, alcohol, and migrants.

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This Austrian Legal Scholar Thought Case Law Was the Key to Limiting State Power

Legal System

Blog02/07/2020

For Eugen Ehrlich, case law—as opposed to legislative law—could be be an effective tool in limiting state power and returning power to nonstate institutions.

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Brexit Voters Aren't As "Irrational" As Their Opponents Think

Global EconomySubjectivismValue and Exchange

Blog02/05/2020

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

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Do People Really Seek to Maximize Profit?

Calculation and KnowledgeValue and Exchange

Blog02/04/2020

Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.

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South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

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