Mises Wire

How Fiat Money Changes Culture

Money and Banks

Blog3 hours ago

The creation and enforcement of fiat money enables larger and more centralized government. Large government programs become possible that were not possible or sustainable under a market-chosen, sound money standard. 

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Why Aren't There More Free Market Surgery Centers and Clinics?

Cronyism and CorporatismHealth

Blog06/22/2021

Just over twenty-four years ago the Surgery Center of Oklahoma began with a simple mission: deliver the highest quality of care at a reasonable and posted price. They've since faced many obstacles from Uncle Sam and his healthcare cronies.

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The Covid Lockdowns Showed Us How Dangerous Social Engineers Have Become

HayekSocialism

Blog06/22/2021

It's fairly easy to destroy the spontaneously created institutions and groups that make up a well-functioning society. But it is nearly impossible to rebuild them once they're destroyed by central planners. 

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John Stuart Mill, "the Marketplace of Ideas," and Minority Opinion

LiberalismPhilosophy

Blog06/22/2021

There is little evidence that Mill advocated an unhampered marketplace of ideas. In fact, there is evidence to the contrary—that he preferred a kind of “affirmative action for unconventional opinions.”

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Missouri Tells the Feds: We Won't Enforce Your Gun Laws

Decentralization and Secession

Blog06/21/2021

The State of Missouri has adopted a new law mandating that state and local officials no longer assist in enforcing federal gun laws. The strategy has already been proven to work in states refusing to enforce federal marijuana laws. 

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Transitory Inflation or Stagflation?

U.S. Economy

Blog06/21/2021

Transportation problems mixed with an ongoing government spending spree are pushing prices higher. But output doesn't exactly seem to be roaring ahead. That raises the specter of stagflation. 

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Central Banks See No Way out of the Low Interest Rate Trap

Money and Banks

The last time a major central bank knowingly tried to end a low-rate policy regime occurred in Japan in the late 1980s. Since then, no central banker has wanted to repeat this unhappy experience.

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The Ratification Debate: A Standing Army vs. the Militias

U.S. History

Blog06/19/2021

Benjamin Rush was indecent enough to let slip the admission that the Constitution was a national government that ultimately eliminated the states. The other Federalists knew that it was not polite to admit this in public.

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