Mises Wire

Lockdowns Haven't Brought down Covid Mortality. But They Have Killed Millions of Jobs.

Blog11/12/2020

Strict lockdowns have devastated millions of families' incomes while failing to bring success in suppressing covid mortality.

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Election 2020: Rout of the Technocracy

ProgressivismMedia and Culture

Blog11/12/2020

This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy.

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Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Monetary PolicyWorld History

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

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Why GOP Loyalists and Candidates Keep Moving Left

ProgressivismMedia and CultureStrategy

Blog11/11/2020

Unless the Left's opponents focus on changing voters' ideological drift to the left, candidates who want to actually win elections will have to keep moving left also. 

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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Down with Political Polling. Up with Prediction Markets.

Media and Culture

Blog11/11/2020

Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative. 

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Want to Reduce the Trade Deficit? Cut Government Spending.

Protectionism and Free TradeTaxes and Spending

Blog11/11/2020

A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree. 

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Talk of "Unity" Is Both Hypocritical and Delusional

Big GovernmentDemocracyPolitical Theory

Blog11/10/2020

Grand invocations that "I will unify us" are actually shorthand for "We mean to get our way, regardless of others' well-being and desire."

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