Mises Wire

Why Big Business Ends up Supporting the Regime

Bureaucracy and Regulation

Blog4 hours ago

Faced with a "join us or be destroyed" ultimatum from federal regulators or lawmakers, most private firms choose the "join us" option. 

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People Change Their Minds. That Doesn't Make Them Irrational.

SubjectivismValue and Exchange

Blog7 hours ago

Human beings do not have constant value scales, but change their goals constantly as the world around them changes. This habit of changing goals does not make a consumer "irrational."

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Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse

Blog06/16/2021

The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that. 

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This Is What Could Trigger Big Growth in CPI Inflation

World History

Blog06/15/2021

Whether today's Great Monetary Inflation (which began in 2011) will end with sustained CPI inflation remains a wide-open question at this point. Prices could be reined in as in the 1990s, or a 1970s-style inflation could still be in store.

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Why Stimulus Does Not Stimulate

Booms and Busts

Blog06/15/2021

The specific institutional conditions in 1936 Britain caused inflation to work as intended once, and not well. Stimulus policy today completely ignores these origins and has become a universal solvent to heal all economic ills.

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The G7's Reckless Commitment To Mounting Debt

Global Economy

Blog06/14/2021

The global minimum tax rate will not hurt G7 members or large technology giants, but it will devastate small and dynamic countries that need to attract capital and investment and who cannot afford to have the tax rate of global leading nations.

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Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?

Labor and Wages

Blog06/14/2021

The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere.

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A Brief History of Secession Referenda in Europe

World History

Blog06/12/2021

Over the past 200 years, Europeans have held many elections to decide secession questions. In some cases, these votes were used in the creation of an entirely new sovereign state. 

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