Mises Wire

How to Write and Understand History

Philosophy and Methodology

Blog12/28/2019

Economic history is possible only because there is an economic theory capable of throwing light upon economic actions. If there were no economic theory, reports concerning economic facts would be nothing more than a collection of unconnected data open to any arbitrary interpretation.

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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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Economics and the Revolt against Reason

Austrian Economics OverviewHistory of the Austrian School of EconomicsPraxeology

12/21/2019Mises Daily Articles
It is not a conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are convinced of the untenability of their own doctrines.
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Bernie Sanders and Robert Reich Don't Just Want to Tax the Rich, They Want to Abolish Billionaires

Big GovernmentSocialismTaxes and Spending

Blog12/20/2019

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.

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Where's the Inflation? It's in Stocks, Real Estate, and Higher Ed

Blog12/16/2019

Price inflation is probably down in energy, food, and apparel. But asset price inflation in stocks and real estate is significant.  This means high rents and high home prices for ordinary people. 

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James Comey Insists the FBI Isn't Evil, It's Only "Grossly Incompetent"

12/16/2019Power & Market

We have two options in explaining how the FBI conducted itself in relation to the FISA court and its clearly illegal and immoral efforts to spy on at least one American citizen involved in the 2016 presidential campaigns: 1. Gross incompetence/negligence. 2. Intent to do harm.

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Is 150 Years of Bank Credit Expansion Nearing Its End?

U.S. HistoryMoney and Banking

Blog12/14/2019

Central bankers want to find a means of resetting everything, exploring solutions such as digitising currency through blockchains, doing away with cash, and finding other avenues to try to control the so-called vagaries of free markets.

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The US Economy Is Being Japanified — Thanks to the Fed

The FedGlobal Economy

Blog12/14/2019

Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?

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