Mises Wire

Covid-19 and the Socialist Calculation Problem

Value and Exchange

Blog01/13/2021

Just as central planners cannot know how individuals will value a product or service, so too are central planners unable to calculate or plan for the endless array of risk assessments made by potential victims of covid-19. 

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What Does "Freedom" Mean? There Are Many Different Answers.

Book ReviewsWorld HistoryPolitical Theory

Blog01/13/2021

"These days most people tend to equate freedom with the possession of inalienable individual rights, rights that demarcate a private sphere no government may infringe on. But has this always been the case?"

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Low Rates and Limited Liability Mean Hot Markets

Money and Banking

Blog01/12/2021

The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016. 

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The "War On Terror" Comes Home

Cronyism and Corporatism

Blog01/12/2021

It is partly an attempt to erase the Trump movement from the pages of history, but it is also an attempt to silence criticism of the emerging political consensus in the coming Biden era that may come from progressive or antiwar circles.

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When "Free Trade" Agreements Are a Polite Form of Protectionism

Protectionism and Free Trade

Blog01/12/2021

With the Caribbean trade bloc Caricom, we find an international "free" trade agreement being used by a Dominica-based company to demand more limits  on trade between Jamaica and a country outside the bloc. This isn't about free trade. 

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The Truth about January 6, and Where We Should Go from Here

U.S. History

What can be done now? President Trump should not urge us all to “come together.” Instead, he should support secession.

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Fiscal Stimulus vs. Economic Growth

Money and Banking

Blog01/11/2021

We're told more government spending will get the economy back on track. But increasing government spending weaken the process of wealth creation. 

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This Time Is Not Different: More Debt, Less Growth

Money and Banking

Blog01/11/2021

There is only one way to strengthen the recovery: To reduce structural imbalances by regaining budgetary sanity and implementing serious measures to attract capital. To fall back into propagandistic optimism would be a mistake.

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