Mises Wire

Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?

Labor and Wages

Blog6 hours ago

The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere.

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Inflation Is Great If You're Already Rich

Booms and Busts

Blog05/19/2021

We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor. 

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Investors Won't Buy the "Transitory" Inflation Line

Money and Banking

Blog05/18/2021

Governments always justify printing more money with the excuse that there is no inflation. When inflation rises, they say it is transitory. And when inflation soars, governments blame businesses and shop owners, presenting themselves as the solution with “price controls.”

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It's Time to End the Embargo against Cuba

U.S. History

Blog04/27/2021

Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it.

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Is God a Capitalist?

Book Reviews

Blog04/17/2021

In his book God Is a Capitalist: Markets from Moses to Marx, McKinney “shows how Biblical economic principles answer the most vexing problems the world faces today, such as poverty, inequality and pollution.” 

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If the Nordic Countries Are Socialist, So Are These Less Impressive Countries

Global Economy

Blog04/14/2021

Have you ever noticed that it's only the wealthy Nordic countries that are singled out as being "socialist"? Places like Greece and Italy, which are more socialistic than Scandinavia, never seem to warrant a mention on this topic. 

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India's Crypto-Clueless Regulators

Money and Banks

Blog04/13/2021

I would be silly to suggest that I know the precise potential of cryptocurrencies, but I would be even sillier if I were to say that the Indian government does.

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If Deficits Don't Matter, Why Bother with Taxes?

Taxes and Spending

Blog03/25/2021

If deficits don't matter, why bother with taxes? The regime has the answer: taxes are important for punishing people we don't like, rewarding our friends, and for maintaining control over the public. 

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