Mises Wire

Why Police Do Nothing While Kids Are Killed

Blog06/22/2022

Unlike a private-sector service, police do not operate under any contractual obligations to provide services in any particular way. They can choose to do nothing at all, and face no real consequences. 

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Is Google’s LaMDA Woke? Its Software Engineers Sure Are

Anti-PoliticsMedia and Culture

Blog06/22/2022

One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.

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US Household Saving Rate Vanishes, Credit Card Debt Soars

Money and Banks

Blog06/22/2022

The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.

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Independence for Chagossians? Time to End Colonialist Policies

Anti-PoliticsDecentralization and SecessionDemocracy

Blog06/21/2022

The Mauritius government still denies Chagossians independence, continuing colonial policies.

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From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes

Booms and BustsThe FedInflation

Blog06/21/2022

Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.

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In Defense of Defaulting on the National Debt

Cronyism and CorporatismThe FedU.S. Economy

Blog06/20/2022

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

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144 Million Americans Now Live in States with Legal Recreational Marijuana

Decentralization and Secession

Blog06/20/2022

Were these cannabis-legal states to combine to form their own country, it would be the tenth-largest country in the world.

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Powell's "Soft Landing" Is Impossible

Money and Banks

Blog06/20/2022

After more than a decade of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, a soft landing is impossible.

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