Mises Wire

The Benefits of Contested Elections

Blog11 hours ago

A contested election would help remind us that elections do not demonstrate "the will of the people" and that national unity is founded on some very fragile myths. 

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The Fed's Balance Sheet May Be Headed to $40–$50 Trillion

The FedFinancial MarketsTaxes and Spending

Blog10/30/2020

If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion. 

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Here's Yet Another Way Rawls Was Wrong About Equality

Philosophy and Methodology

Blog10/30/2020

Rawls claims equality is the default position and any departure from it requires justification. This is a trick that slants the debate in Rawls's favor. Anthony Flew didn't fall for it. 

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Another Pointless Antitrust Campaign by Federal Regulators

Blog10/30/2020

The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.

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Understanding the Proper Meaning of "Equality"

Political Theory

Blog10/29/2020

Private property is not a privilege merely of the property owner, but a social institution for the good and benefit of all, even though it may at the same time be especially agreeable and advantageous to some.

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Populism Worked for the Pro-Freedom Party in the Past. Can It Work Again?

Strategy

Blog10/29/2020

Is it still possible to "rouse the masses of people against the elites that are looting them" in effective numbers? As late as 1992, Rothbard thought so. And he had historical examples on his side. 

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President Pence and VP Harris? It Could Happen.

Political Theory

Blog10/29/2020

Here's one scenario the markets perhaps have yet to consider. Thanks to the Twentieth Amendment, it's possible to end up with Pence winning the White House and Harris becoming VP. 

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The Seen and the Unseen of Covid-19

Blog10/28/2020

It’s not enough to evaluate the short-term consequences of a policy for one small group. If you want to know the long-term consequences or the real consequence of it, you look at the long-term effects on everybody.

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