Mises Wire

Coronavirus: The EU Is No Longer a Border-Free Zone for Member Countries

Decentralization and Secession

Blog03/17/2020

As the member states of the EU begin to shut their internal borders to their neighbors, we're reminded that state-to-state open borders in a place like the US do come with a downside.

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Money Supply Growth Climbs to 37-Month High

Money Supply

Blog03/17/2020

The money supply metric is following the usual pattern that precedes a recession and economic crisis.

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The Fed’s Massive Injection of "Liquidity" Also Benefits Uncle Sam

The FedFinancial MarketsMonetary Policy

Blog03/16/2020

By announcing that it is willing to throw up to $1.5 trillion in electronically created money in order to give three-month loans to those institutions that bought Treasury debt earlier, the Fed is bailing out not only the holders of Treasury debt, but also the Treasury itself.

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Politicians Are Calling for Lots of "Bold" Plans. Watch Out.

ProgressivismTaxes and Spending

Blog03/16/2020

With both major political parties seemingly uninterested in the long-term fiscal stability of the United States, the only near-term solution for the spendthrift class in Washington, DC, is to either raise taxes or spend recklessly.

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Could the Coronavirus Be Fatal for the EU?

Decentralization and SecessionGlobal EconomyMonetary Policy

Blog03/16/2020

As the nation-states take the brunt of their economic collapses on the chin, they will begin to realise that the EU superstate is little more than an obstructive and costly irrelevance.

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Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

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Bernie's Socialism vs. Trump's Socialism

Blog03/14/2020

If he were honest, rather than declaring that "America will never be a socialist country," Trump would simply say, "my socialism is better than Bernie's socialism."

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Logic and the Disutility of Labor

Philosophy and MethodologyPraxeology

Blog03/13/2020

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.

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