Mises Wire

The Ratification Debate: A Standing Army vs. the Militias

U.S. History

Blog26 min ago

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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Why Joe Biden Is Keeping the Cap on SALT Deductions

Taxes and Spending

Blog3 hours ago

The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.

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Why the Regime's Regulatory Power Is a Standing Threat to America

U.S. History

Blog8 hours ago

Powerful federal politicians have many ways of expressing their displeasure with America's private sector, and this is partly why we so rarely hear any real criticism of the feds from corporate America.

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Wages, Prices, and the Demand for Money: Keynes Got It All Wrong

Labor and Wages

Blog06/18/2021

When markets are mostly free, prices adjust freely and constantly to adapt to new realities. Yet Keynes failed to understand how market rigidities are caused by government intervention. He blamed markets instead.

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The Fed Plans to Raise Interest Rates—Years from Now

Blog06/18/2021

The Fed isn’t here to take away the punch bowl anymore. The Fed is the punch bowl. 

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Mortgage Companies Cash in on Pandemic Relief

U.S. Economy

Blog06/18/2021

“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.”

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Biden Wants To Seize Control of Local Land-Use Regulations

Bureaucracy and RegulationDecentralization and SecessionU.S. History

Blog06/18/2021

Empowering state legislatures—or worse, the federal government—to abolish local regulations would be a grave mistake. 

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Understanding the "Private" in "Private Security"

Legal System

Blog06/17/2021

Ultimately, we are responsible for ensuring our own security and our incentives are aligned with those of third parties with whom we can contract to assist us. In this regard, security is no different than many other desirable things. 

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