Mises Wire

Thanks to Lockdowns, State and Local Tax Revenues Are Plummeting


State and local government budgets are in danger of collapsing. This will impel politicians to find ways to end the lockdowns. Politicians may not care whether you have a job. But they care deeply about their government budgets and jobs for their friends.

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The Fed's Balance Sheet Skyrockets as It Doubles Down on Inflating Asset Prices

Booms and BustsMoney and Banks


The Fed's portfolio is now 35 percent larger from the time the Fed promised to "taper" back its portfolio and "normalize." It is increasingly clear that there will not be any normalization. Ever.

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The COVID-19 "Lockdowns" Are What Twenty-First-Century Mob Rule Looks Like


There is a misconception among critics of the COVID-19 lockdowns that they're being imposed over the howls of the local population, which wants freedom. If only that were true.

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The US's COVID-19 Death Rate Is Far below the Rates in Italy and Spain


Contrary to a recent headline, the US is not about to become the "epicenter" of COVID-19. In fact, the death rate of COVID-19 is lower in the US than at the same point in the timeline for many other countries we are told are comparable to the US.

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The Fed’s Massive Injection of "Liquidity" Also Benefits Uncle Sam

The FedFinancial MarketsMonetary Policy


By announcing that it is willing to throw up to $1.5 trillion in electronically created money in order to give three-month loans to those institutions that bought Treasury debt earlier, the Fed is bailing out not only the holders of Treasury debt, but also the Treasury itself.

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The CDC's Budget Is Larger Now Than under Obama


Many left-wing pundits and politicians are claiming that the Centers for Disease Control budget was "gutted" in recent years. But the CDC's budget is now higher than it was in the final years of the Obama administration.

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The "Market Monetarists" and NGDP Targeting

Financial MarketsMonetary PolicyOther Schools of Thought


A relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product.

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The US Constitution Needs an Expiration Date

Big GovernmentDecentralization and SecessionStrategy


The Swiss constitution wisely puts a "date of expiration" on the central government's taxing power every 10-15 years. Voters have to vote "yes" to extend this power. Americans should demand something similar, both for taxes and for much more.

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