Mises Wire

Where Does Social Order Come From? Not the State.


The more an economy is centrally planned, the more chaotic are the relationships within it. The freer people are to make their arrangements in the market, the more coordinated things become.

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Will Price Controls Make a Comeback?

Price Controls

Price controls, or antigouging laws, discourage innovation and sometimes can lead to supplies of goods and services being directed to other markets. In other words, price controls lead to shortages.

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Why the Fed's 2 Percent Inflation Standard Is So Bad

Money and Banks


The world of the 2 percent target is something truly new and worse than what came before. It’s not the same old monetary policy with slightly higher inflation targets.

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Why Business Owners Can't Just "Pass on" Tax Costs to Consumers

Taxes and Spending


If business owners could increase their prices without a loss in sales, they would have already done so. Yet many conservatives mistakenly claim tax increases are just "passed on" to consumers.

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Why Interventionist Economists Love to Talk about Externalities

Property Rights


Step 1: claim that only government can solve the problem of "externalities." Step 2: claim that externalities are everywhere. Step 3: send in bureaucrats to solve every "problem" caused by externalities.

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Why Fans of Censorship Are Obsessed with Stories about Yelling "Fire!" in a Theater


The fact that such a vacuous and irrelevant example became such a compelling argument for the government restriction of freedom of speech in many other areas is disturbing.

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What Spooner Can Teach Us in Our Age of Neofascism

U.S. History


Neo-Spoonerism: there is no treason against the federal government, because the federal government does not abide by the document which it claims as its foundational authority to govern.

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Who Will Build the Roads? Anyone Who Stands to Benefit from Them.

Taxes and Spending


The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong.

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