Mises Wire

When I Toured East Berlin with Murray Rothbard

Money and Banking

Blog8 hours ago

Murray Rothbard didn’t need to explain to me on the bus why East Berlin, the so-called Paris of Eastern Europe, was a broken-down dump. He already had explained it to me in his numerous writings.

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The EU's Woes Are a Political Problem, Not an Economic One

Decentralization and SecessionGlobal EconomyProtectionism and Free Trade

The problem with the European Union is not that it seeks to integrate Europe's economies. The problem comes from attempts to integrate politics as well. 

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What We've Learned from Israel's Covid Vaccine Program

Health

Blog11 hours ago

The covid vaccine experience in Israel shows that one death is prevented for every 26,000 vaccine jabs, at a cost of $1 million. A single hospitalization is prevented with every 5,000 jabs, at a cost of $160,000 each. 

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The True Cost of Taxation Is Much Higher Than Your Tax Bill

Blog03/03/2021

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.

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How I Discovered Murray Rothbard

History of the Austrian School of Economics

Blog03/03/2021

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

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The Economics and Ethics of Government Default, Part II

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

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Memories of Murray on His Ninety-Fifth Birthday

U.S. HistoryHistory of the Austrian School of Economics

Blog03/02/2021

Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility. 

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