Mises Wire

Homicides Are Way Up in 2020, and Covid Lockdowns Are a Likely Cause

Legal System

Blog03/25/2021

If we’re going to ask ourselves what might have caused such an unusually large rise in homicide, we ought to look for very unusual events. Covid lockdowns certainly fit the bill. 

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How a Small Rise in Bond Yields May Create a Financial Crisis

Financial Markets

Blog03/18/2021

The risk of a financial crisis does not come from rising bond yields. The risk of a financial crisis was created by lowering bond yields to unrealistic and unjustifiable levels in the first place.

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Hoppe's The Great Fiction, Expanded Second Edition—Now Available

Austrian Economics Overview

Blog03/16/2021

The second edition of The Great Fiction will be welcomed by all readers interested in the theoretical foundations of a free society.

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How the Fed's Inflation Is Driving Stock Buybacks

Financial Markets

Blog03/13/2021

An explosion in the money supply has driven many corporate managers to turn to stock buybacks as a safe alternative to holding on to depreciating cash. This means many companies are decapitalizing.

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How I Discovered Murray Rothbard

History of the Austrian School of Economics

Blog03/03/2021

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

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How Not to Argue against the Minimum Wage

Bureaucracy and RegulationLabor and Wages

Blog02/11/2021

There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.

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How Markets Turn Lousy Products into Great Ones

CoordinationThe EntrepreneurValue and Exchange

Blog02/09/2021

Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.

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How the American Revolution Turned North American Foreign Trade on Its Head

U.S. History

Blog02/05/2021

After peace came in 1783, the new republic faced a twofold economic adjustment: to peacetime from the artificial production and trade patterns during the war, and to a far different trading picture than had existed before the war.

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