Mises Wire

Why the Federalists Hated the Bill of Rights

U.S. History

Blog5 hours ago

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal antinationalists at least had a fighting chance. 

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What They Really Mean When They Say "Do the Right Thing"

U.S. History

Blog09/15/2021

When a politician says "do the right thing," what he means is "do what I say, or else." 

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War Has Declined in the West Because War Isn't "Worth It" for Rich Countries

World History

Blog09/14/2021

Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. 

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Why the Fed Is So Desperate to Hide Price Inflation

Blog09/08/2021

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

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What Texas's Unilateral Immigration Policy Tells Us about Washington

Blog09/07/2021

What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.

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We Don't Need a Central Bank to Deal with Changes in the "Demand for Money"

Money and Banks

Blog09/04/2021

Just because the demand for money changes over time doesn't mean we need a money supply that changes over time also. 

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When a Fallacy Isn't Really a Fallacy

Book ReviewsPhilosophy

Blog09/03/2021

Michael Huemer has written outstanding book exposing many of the ways that many people fail to misunderstand logical fallacies in many ideological debates today. 

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Why Does the Fed Say Current Debt Levels Are not Sustainable?

U.S. Economy

Blog08/31/2021

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?

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