Mises Wire

Conservatives Are Increasingly Wrong about Market Freedom

Cronyism and CorporatismLabor and WagesMedia and CultureU.S. History

Blog01/10/2020

The conservative case against market freedom is based on the belief that if change disrupts the status quo in any way, or if companies impose cost reductions that result in a shifting of employment — or even some layoffs — then government should step in and take control.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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"Low" Tax Rates Often Mask Much Larger Tax Burdens

Taxes and Spending

Blog01/09/2020

The moral of this economic story is that whenever someone who has an incentive to lowball the burden of a tax is speaking or writing, be careful to look at what happens to take-home income as a better guide to policy.

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Post-Mugabe Zimbabwe Still Faces a Host of Economic Problems

Cronyism and CorporatismPovertyWorld History

Blog01/09/2020

Nothing short of an economic exorcism is needed in Zimbabwe. Looking at what President Mnangagwa has done so far, it doesn’t seem that Zimbabwe is actually serious about making tough reforms.

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If Trump Decides to Start a Nuclear War, No One Can (Legally) Stop Him

War and Foreign Policy

Blog01/08/2020

There's no evidence Trump is more trigger-happy than any other president, but the presidency's unchecked nuclear-launch power will remain a problem both now and with future presidents.

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Two Big Problems with Single-Payer Healthcare

Health

Blog01/08/2020

Single-payer systems do indeed restrict access and quality. They just do it by imposing long wait times, cutting off costlier patients, and restricting access to hospital rooms.

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How Rent Seeking Impoverishes Nations

Corporate WelfareCronyism and CorporatismProtectionism and Free TradeTaxes and Spending

Blog01/08/2020

So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.

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How the US Wages War to Prop up the Dollar

01/08/2020Power & Market

After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix.

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