Mises Wire

Reduced Sentences in Exchange for Lies: A Government Tradition

Legal System

Blog10/09/2019

Governments routinely bribe suspects into accusing others in exchange for reduced sentences. Thus, suspects are willing to say pretty much anything prosecutors want them to. Governments are fine with this.

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Kamala Harris and the Cult of the Presidency

U.S. History

Blog09/23/2019

Kamala Harris has promised to rule by decree if elected president. For her, Congress is little more than an advisory committee. The average voter, of course, ranks even lower than that.

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Walter Bagehot and the Problem of the "Lender of Last Resort"

Money and Banks

Blog09/19/2019

James Grant's new book Bagehot: The Life and Times of the Greatest Victorian, reveals there we can still learn a lot from the world that existed before our modern era of central banking.

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Like Most Government Central-Planning Schemes, Zoning Laws Raise the Cost of Living

U.S. History

Blog09/12/2019

Rising property values are nice for those who own property, but they raise the barriers to home ownership and business startups for everybody else.

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The Broken Windows of America’s Foreign Policy

War and Foreign Policy

Blog09/11/2019

While it’s easy to see how much we’re spending over there, it’s harder to see what we could be doing with all of those resources if we weren’t creating more problems abroad. We need to transform the way we think about our foreign policy and take Bastiat’s cue to try to “see the unseen.”

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Inverted Yield Curves, Recessions, and You

Financial MarketsU.S. EconomyBusiness CyclesCapital and Interest Theory

Blog09/05/2019

To understand what an inverted yield curve means, you must first understand what the yield curve is.

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Bring Back the Constitution's Prohibiton of Double Jeopardy

Legal System

Blog08/23/2019

The Fifth Amendment in the Bill of Rights prohibits trying a person twice for the same crime. But the federal government now routinely ignores this.

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Government Prosecutors Are Out of Control

Legal System

Blog08/21/2019

While repealing laws and police reforms are important in alleviating mass incarceration, the problem is likely to continue as long as prosecutors are permitted to operate with so few constraints.

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