Mises Wire

Government Schools Are Propaganda Machines

Big GovernmentEducationMedia and CultureProgressivism

Blog02/16/2024

While people often associate propaganda with dictatorial regimes, American public education has created a propaganda machine that Stalin would have envied.

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The Federal Mega-Debt is Here to Stay

Big GovernmentEconomic PolicyThe FedTaxes and Spending

Blog02/16/2024

Paying off the debt obviously won't happen, and the feds won't even contemplate anything that keeps the debt from getting bigger. They'll just try to inflate the debt away, so get ready for price inflation. 

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How the US Regime Subsidizes Immigration—both Legal and Illegal

U.S. EconomyU.S. History

Blog02/15/2024

Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.

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There Is Successful Governance Outside of State Power

AntipoliticsDecentralization and SecessionPlanningPrivate Property

Blog02/15/2024

"Government" and "state" are terms typically used synonymously these days. But good governance and good law do not require the presence of the state and its monopoly power. 

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GDP is a Poor Measure of Economic Health

Economic PolicyKeynesMacroeconomicsU.S. Economy

Blog02/15/2024

While economists speak of GDP as a legitimate measure of the economy, a closer look tells us that it is biased toward consumer spending and fails to give a true measure of the value of capital.

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Does the Balance of Payments Determine Exchange Rates?

Central BanksEconomic PolicyFinancial MarketsMonetary Policy

Blog02/14/2024

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.

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How Governor Whitmer Doomed Detroit Autoworkers

Bureaucracy and RegulationCorporate WelfareCronyism and CorporatismUnemployment

Blog02/14/2024

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

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Lincoln Dissected

Decentralization and SecessionU.S. History

Blog02/13/2024

The “second American Constitution,” was an illegal overthrow of the Articles of Confederation. This nationalist cabal behind the new constitution paved the way for new myths used to hammer the new confederation into a single unified national state.

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