Mises Wire

Government Spending Is the Real Tax; Deficits Are a Sideshow

Economic PolicyProgressivismFiscal Theory


While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.

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Government, the Centralizing Mindset, and the Idiots in Charge

Big GovernmentBureaucracy and RegulationDemocracy


F.A. Hayek wrote that the "worst get on top" when it comes to government. Nearly eighty years after he wrote those words, nothing has changed.

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Governments "Sanction" Their Own Citizens Every Day. The Russia Sanctions Are Just a Natural Evolution.

War and Foreign Policy


The scale of the sanctions which Washington has imposed on Russia (and Russians) should not distract us from a crucial fact. What Washington is doing against Moscow is not rare. It is something that happens every day. 

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Gazing into the Fog of War Surrounding Ukraine

War and Foreign Policy


It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.

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George Hearst: Entrepreneur in the Mises Mold

Book ReviewsU.S. History


The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.  

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Germany's New Green Stimulus Plan Won't Save Their Economy

Taxes and Spending


Germany's government is pushing a new plan for massive spending on a "Climate Fund." This is justified with the usual Keynesian myths about the benefits of government spending.

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Global Governance versus Freedom and Free Enterprise

World History


Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank or the IMF. This is true even when the stated goal is advancing free markets.

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Get Ready for the Socialist Calculation Debate Redux

World History


Ideas matter, but they matter when and because they are put into practice. We're seeing rising romanticism around central planning so we're going to have to refight the socialist calculation debate all over again.

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