Mises Wire

The Economics and Ethics of Government Default, Part III

Financial MarketsTaxes and SpendingPolitical Theory

It's time to default on the national debt. It's the moral thing to do. We often speak of the problems with the effects of the debt. But the debt itself is an abuse and an imposition on taxpayers. 

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The Tyranny of the "Enlightened" Experts

Health

Blog04/05/2021

Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying. 

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Big Debt Plus Rising Interest Rates = Big Danger

Money and Banking

Blog04/03/2021

"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago."

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The "Mind Viruses" Creating Social Justice Warriors

Book Reviews

Blog04/03/2021

The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.”

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Progressivism's Failures: From Minimum Wages to the Welfare State

Poverty

Blog04/02/2021

The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced.

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The Economic Effects of Pandemics: An Austrian Analysis

Booms and Busts

Blog04/01/2021

How do recurrent cycles of boom and recession compare to isolated crises caused by extraordinary phenomena? 

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Lockdowns and Easy Money Bring a Weak Recovery for Europe

Global Economy

Blog04/01/2021

The eurozone still had an unemployment rate of 8.3 percent and more than 7 million furloughed jobs at the end of February. This is just one outcome of the EU's harsh lockdowns and regulation-caused malaise. 

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The Property-Based Social Order Is Being Destroyed by Central Banks

U.S. History

Blog04/01/2021

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. 

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