Mises Wire

Argentina’s “Emergency Law” Just Means More of the Same

Monetary PolicyTaxes and Spending

Blog01/25/2020

Argentina is only going to prosper when it recognizes that its fiscal and monetary imbalances are not the fault of the citizens and their small businesses, but of the government.

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A World Without Entrepreneurs

Free MarketsWorld History

Blog01/21/2020

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.

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An Introduction to Virginia 2nd Amendment "Sanctuaries"

Legal System

Blog01/20/2020

Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.

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Are Housing Markets Still Clearing Out the Trash of the Last Bust?

Booms and BustsFinancial Markets

Blog01/20/2020

Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.

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A Limited-Government Republic versus a National-Security State

War and Foreign Policy

Blog01/16/2020

What is a national-security state? It is a totalitarian-like governmental structure that consists of an enormous military-intelligence establishment with extraordinary powers, such as indefinite detention, torture, secret surveillance, and even assassination of both citizens and foreigners.

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An Austrian Frame of Mind

Book ReviewsHistory of the Austrian School of Economics

Blog01/15/2020

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas is a lively history of the astonishing influence prewar Viennese intellectuals had on the greater world, and continue to have in areas far beyond economics.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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Abolish the Office of the First Lady

Media and CultureU.S. History

Blog12/23/2019

Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.

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