Mises Wire

The Omnipotent Power to Assassinate

War and Foreign Policy

Blog02/20/2021

How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state.

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Why Biden and Krugman Are Wrong about the $15 Minimum Wage

Bureaucracy and RegulationLabor and Wages

Blog02/19/2021

Let's take a sober and even-handed look at what economics and empirical studies have to say about minimum wage hikes. Krugman and Biden claim there's no evidence these hikes affect employment. But they are being misleading. 

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Some Coloradoans Want to Break Off and Join Wyoming. They Should at Least Get to Vote On It.

Decentralization and Secession

Blog02/19/2021

A state's borders should change over time to reflect demographic and ideological realities. By denying this, political leaders are effectively saying that the rights of minority populations don't matter.

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The High Cost of Using the Minimum Wage as a Form of Welfare

Labor and WagesTaxes and SpendingU.S. Economy

Blog02/19/2021

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

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The Problem with the "Robber Baron" Narrative

U.S. HistoryMonopoly and Competition

We're now hearing many calls for more antitrust legislation applied to Big Tech because these firms are allegedly monopolies. But old-fashioned antitrust was a disaster, as will be new efforts against tech companies. 

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China Needs More Economic Freedom—Not a Bigger Welfare State

Global EconomyMoney and Banking

Blog02/18/2021

Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. 

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If America Splits Up, What Happens to the Nukes?

War and Foreign Policy

Blog02/17/2021

A divided America remains a wealthy America, and a postsecession America would be wealthy enough to retain a defensive military. Moreover, it's even cheaper to maintain an effective nuclear arsenal than to keep up a large conventional military.

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Money, Interest, and the Business Cycle

Money and Banking

Blog02/17/2021

"I am not against bank notes as such … I want to give everybody the right to issue his own banknotes. The problem then would be to get other men to accept such private banknotes; maybe nobody will take them."

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