Mises Wire

New York Politicians Have No Idea How to Fix the Subways

Blog06/04/2021

New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten.

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How Facebook Turned Its Market Success into a Culture War on America

U.S. History

Blog06/04/2021

Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy." 

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Canadian Secession: Then and Now

World History

Blog06/03/2021

Just as Canada had the right to secede from Britain, so too do the provinces and territories have a right to secede from Canada. Today, secession may be Alberta’s remedy against the Canadian regime's abuses.

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The Economics of the Extended Family: From Risk Management to Human Capital

Labor and WagesPoverty

Blog06/03/2021

Extended families have long functioned to provide alternatives to the state in terms of risk sharing and mutual aid. Other economic benefits include the refinement of human capital and economies of scale.

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A Libertarian Approach to Disputed Land Titles

Property Rights

Blog06/03/2021

Rothbard gives us the rough foundation of justice, but only common law juries—temporalized and local—can fill in the gaps.

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The Fed's Policies since the 2020 Coronavirus Panic

The FedInflation

Blog06/02/2021

Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined their M1 measure, and switched to average inflation targeting.

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Entrepreneurs Are Motivated by Profit, Not Risk

The Entrepreneur

Blog06/02/2021

A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest. He chooses that investment in which he expects to make the highest possible profits.

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The Abuse of Public Debt—and How It Sets the Stage for Economic Disaster

U.S. History

The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on.

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