Mises Wire

Real Savings Are at the Heart of Lending

Money and Banking

Blog03/30/2021

Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

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Can Las Vegas Recover from Covid?

Booms and Busts

Blog03/30/2021

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

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GDP Hides the Damage from the Covid-19 Lockdowns

Bureaucracy and Regulation

Blog03/29/2021

Government money printing may goose GDP, but It will do nothing to fix the losses that millions have suffered from covid restrictions and lockdowns. 

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Lockdowns Are More Economically Devastating Than Voluntary Social Distancing

Health

Blog03/29/2021

Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

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Gun Laws and Decentralization: Lessons from "Constitutional Carry"

Decentralization and Secession

Blog03/27/2021

Forty years ago, the US had almost no legal concealed carry. Then over just a few decades, eighteen states adopted full-blown "constitutional carry" provisions, with many other states adopting concealed carry provisions as well. 

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Colonies Compared: Why British Colonies Were More Economically Successful

World History

Blog03/27/2021

The fact that colonial empires often differ significantly in their outcomes can serve to provide us with insights into what sorts of government policies are the most and least harmful.

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Terminate NATO

War and Foreign Policy

Blog03/27/2021

Since the USSR unexpectedly collapsed, NATO has been going around poking hornets' nests and finding new enemies hoping to justify its existence. It's time to shut the whole thing down. 

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Decentralization Is a Step toward Self-Determination

Decentralization and Secession

Blog03/26/2021

Ludwig von Mises understood that locally based governance "follows necessarily from the principle of the rights of man.” And it's why Rothbard supported secession and local governance right down to the most local level possible. 

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