Mises Wire

Your Rational Self vs. Your Irrational Self

Philosophy and MethodologyPolitical Theory

Blog01/31/2020

How can paternalists say that when they make it more difficult for you to smoke they aren’t interfering with your freedom? They've come up with a bizarre rationale.

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Nomi Prins: Repo Injections Are QE by Another Name

The FedFinancial MarketsMonetary Policy

Blog01/31/2020

The Fed's balance sheet has risen to $4.1 trillion from $3.7 trillion in August. Nomi Prins discusses what this policy shift means and what it portends for 2020.

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The Era of Boom and Bust Isn't Over

Booms and BustsBusiness CyclesCapital and Interest Theory

Blog01/31/2020

Central banks have done nothing to end the boom-and-bust cycle. Instead, their unscrupulous interventions in credit markets just prolong the boom. But it's a huge mistake to assume that bringing market interest rates to zero will create a perpetual boom.

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The Pretense of Intuition

01/30/2020Power & Market
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The State Is a Predator. It Can't Be Used to Achieve Libertarian Ends

Philosophy and Methodology

Blog01/30/2020

In portraying the state as an integral part of economy and society, advocates of "state capacity libertarianism" ignore the state's unique political, i.e., predatory, nature.

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Why Democracy Doesn't Give Us What We Want

Philosophy and MethodologyPolitical Theory

Blog01/30/2020

Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.

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The Age of Entitlement: The Legacy of Anti-Discrimination Laws

Book Reviews

Blog01/30/2020

The task that civil rights laws were meant to carry out—the top-down management of various ethnic, regional, and social groups—had always been the main task of empires. The US now imposes this both domestically and globally.

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The Theory and Brief History of Money and Banking

The FedMonetary TheoryMoney and Banking

Blog01/29/2020

Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?

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