Mises Wire

Joe Biden and Protectionism: Continuing to Make America "Grate"

PoliticsProtectionism and Free Trade

Blog02/22/2023

Joe Biden likes taxes. So it should hardly be surprising that Biden has also embraced protectionism and is anti free-trade, which is fundamentally a pro-tax position. 

Read More

Secession: Should the American Revolutionaries Have Quit to Appease the Loyalists?

Decentralization and SecessionU.S. History

Blog02/21/2023

Opponents of secession say secession is wrong if some people in the population don't want it and say they will be worse off. The American revolutionaries disagreed and seceded anyway.

Read More

A Student Loan Fable

Bureaucracy and RegulationProgressivism

Blog02/21/2023

In the bizarro world of student loans, someone can borrow six figures without collateral or credit history—and then demand that taxpayers cover the loan.

Read More

Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

KeynesMonetary PolicyBusiness CyclesMonetary Theory

Blog02/21/2023

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

Read More

Lifting the Debt Ceiling Is Not a Social Policy

U.S. Economy

Blog02/20/2023

Printing and raising taxes are not social policies. It is profoundly anti-social, as it destroys the middle class and makes the economy weaker. Raising the debt ceiling is also extremely negative for the middle class because it means more taxes.

Read More

Why You Should Fear "Bipartisan" Agreements in Congress

Cronyism and CorporatismPoliticsStrategy

Blog02/20/2023

When we see real bipartisan action in Congress, it usually is for the worst.

Read More

Poor People in Developing Countries Find Alternatives to Commercial Banking

Economic FreedomThe EntrepreneurMoney and BanksEntrepreneurship

Blog02/20/2023

People are innovative—if government doesn't get in the way. Entrepreneurs in developing countries find alternatives for people cut off from commercial banking services.

Read More

Why Madison and Hamilton Were Wrong about Republics

U.S. HistoryWorld History

Blog02/18/2023

The authors of the Federalist Papers claimed a strong central government was needed because republics are prone to "anarchy." The Dutch and Swiss examples show they were wrong. 

Read More