Mises Wire

Mortgage Companies Cash in on Pandemic Relief

U.S. Economy

Blog06/18/2021

“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.”

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Biden Wants To Seize Control of Local Land-Use Regulations

Bureaucracy and RegulationDecentralization and SecessionU.S. History

Blog06/18/2021

Empowering state legislatures—or worse, the federal government—to abolish local regulations would be a grave mistake. 

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Understanding the "Private" in "Private Security"

Legal System

Blog06/17/2021

Ultimately, we are responsible for ensuring our own security and our incentives are aligned with those of third parties with whom we can contract to assist us. In this regard, security is no different than many other desirable things. 

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Governments Are Failing at Their Most Basic Duties—While Promising Free Stuff

U.S. History

Blog06/17/2021

Political candidates are offering endless government spending and "free stuff" for everyone. But at the same time, governments appear incapable of performing even basic duties like ending street riots. 

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Why Big Business Is Helping the Regime

Bureaucracy and Regulation

Blog06/16/2021

Faced with a "join us or be destroyed" ultimatum from federal regulators or lawmakers, most private firms choose the "join us" option. 

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People Change Their Minds. That Doesn't Make Them Irrational.

SubjectivismValue and Exchange

Blog06/16/2021

Human beings do not have constant value scales, but change their goals constantly as the world around them changes. This habit of changing goals does not make a consumer "irrational."

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Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse

Blog06/16/2021

The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that. 

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This Is What Could Trigger Big Growth in CPI Inflation

World History

Blog06/15/2021

Whether today's Great Monetary Inflation (which began in 2011) will end with sustained CPI inflation remains a wide-open question at this point. Prices could be reined in as in the 1990s, or a 1970s-style inflation could still be in store.

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