Mises Wire

The Destructive Power of Keynesian Spending Plans

Taxes and Spending


The more the government spends, the worse it is for the health of the economy and thus for economic growth. Experts who advocate for very strong government stimulus never bother to ask how those measures are going to be supported by the larger economy.

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The New New Deal Has Already Arrived. Thank the Covid Panic.

U.S. EconomyU.S. History


The new covid relief bill signals that whatever restraint on public spending existed before 2020 is now all but gone. And the bill represents the beginning of a new era: an era that can be likened to that of the New Deal. 

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The Fed's Money Supply Measures: The Good News—and the Really, Really Bad News

Money and Banking


Here's a likely reason the Fed has chosen to hide its data on government deposits: the explosion of Treasury deposits at the fed “fuels … suggestions that the Fed is directly financing the government [and] foster[s] uncertainty about central bank independence.”

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The V-Shaped Recovery Never Happened

U.S. Economy


Some may remember all that talk about a "V-shaped recovery" last year. That was back when we were being assured that just a few weeks of lockdowns was going to bring the economy roaring back. Clearly, that never happened. 

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To Understand Economics, First Understand Private Property

World HistoryMoney and Banking


Rothbard recognized that money and exchange could not develop without first establishing private property. So Rothbard also recognized that it was important to develope theories of how private property might come about. 

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To Stop the Left, America Needs a Rothbardian Right

Decentralization and SecessionDemocracyOld Right


Thankfully for the American right, there is another alternative to the neoconservatism of William Buckley, the neoliberalism of Milton Friedman, and the paleo-progressivism of Teddy Roosevelt: the libertarian populism of Murray Rothbard.

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This Is What the Progressives Want To Do to Us

U.S. History


Think of Minneapolis and Portland and then apply that model nationwide. Then you have an idea where progressive radicals want to take us. 

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Taxation through a Rothbardian Lens

Taxes and SpendingInterventionism

Murray Rothbard was a pioneer in analyzing taxation from an Austrian or causal-realist standpoint. However, he never explicitly engaged the standard theory of deadweight loss from taxation. This article develops the Austrian analysis of taxation further toward this end

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