Mises Wire

Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax Increase

Taxes and Spending

Blog11 hours ago

Raising the US corporate tax would drive more capital out of the US. But the tax hike will be less risky if the US can get other countries to raise their tax rates as well. 

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Boom to Bust: How Inflation Turns into Deflation

Money and Banking

Blog05/12/2021

Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see deflation as new loan activity lessens. 

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Biden's Family Leave Is Yet Another Attack on the Family

Bureaucracy and RegulationU.S. Economy

Blog05/11/2021

Only a bureaucrat would assume that putting a small child in public school is just as effective as keeping the child at home with a parent. Unfortunately for Biden, the research isn’t on his side.

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Babbitt Is Back

PhilosophyPolitical Theory

Blog05/11/2021

The people selling us democracy believe in it the same way George F. Babbitt believes in a new listing from the Babbitt-Thompson Realty Company.

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Biden's Big Spending Plans Will Not Revive the Economy

Money and Banking

Blog04/20/2021

Even without deficits or new taxes, Biden's infrastructure spending plan will only create more malinvestment and inflict further damage on an already weakened economy. 

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Biden's Amtrak Infrastructure Scam

Taxes and Spending

Blog04/19/2021

Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.

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Biden's Colossal Budget Confirms Trump-Era Mega Spending Will Continue

Taxes and Spending

Blog04/10/2021

The Dems are still claiming that welfare spending withered away during the Trump years. But that's obvious nonsense, and Trump's megaspending slathered trillions of dollars on pretty much everything.

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Biden and Janet Yellen Are Pushing a Global Minimum Tax Rate. The EU Is Very Pleased.

Taxes and Spending

Blog04/06/2021

Globalists know that so long as sovereign states have the ability to set their own tax rates, regimes are tempted to engage in “tax competition” in order to attract capital. The cure to this “problem” is a global minimum tax rate.

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