Mises Wire

The Corrupt Bargain and the Preservation of Slavery

Blog05/10/2021

Slavery was driven into the heart of the new constitution: in the three-fifths clause, in the protection of slave importation for twenty years, in the fugitive slave clause, and even in the congressional power to suppress insurrections within the states.

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Washington's Bipartisan Fiscal Folly

World History

Blog05/10/2021

Donald Trump—despite adopting a number of economically intelligent policies—was completely unwilling to rein in federal spending. Then things got even worse. 

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Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.

Book Reviews

Blog05/10/2021

It is not surprising that Keynes looks at the economy from the perspective of a government bureaucrat; this is exactly what, for a significant part of his life, he was. It was for his bureaucratic "service," not his economics, that he was elevated to the peerage.

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An Autoethnographic Account of the Free Market: My Father

Free MarketsU.S. History

Blog05/08/2021

Autoethnographies place the self within a social, historical context. In this one, Michael Rectenwald approaches the free market from the standpoint of his own experience.

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Self-Interest versus Racial Solidarity

World History

Blog05/08/2021

Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Experience shows this is not at all always the case. 

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An American Classical Liberalism

Liberalism

Today's conflicts revolve around the desire to grab hold of someone else's property using the tool of compulsion that is the state. Would we be more peaceful and prosperous if it followed the liberal program? The question answers itself.

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Due Process on Campus Keeps Justice on the Streets

LawLegal System

Blog05/07/2021

The reality in colleges today becomes reality on the streets tomorrow. The privileged treatment of women under Title IX has had profound implications for campus sexual misconduct hearings that threaten due process for all.

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The Fed Embraces Its Inner Zimbabwean

Money and Banks

Blog05/06/2021

With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.

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