Mises Wire

Are Universities Finished?

Higher education in America today is in a crisis. The diversity thought police pounce on anyone who offers the slightest resistance to them.

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A Mistaken Idea

Philosophy and Methodology

Blog07/24/2020

Is the fact that other intelligent and well-informed people are antimarket reason for us to be less confident in our promarket convictions?

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Yes, QE Creates Wealth Effects

The FedFinancial MarketsMonetary Policy

Blog07/24/2020

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

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Foreign Aid Is Protectionism

Taxes and SpendingWar and Foreign PolicyPolitical TheoryProduction Theory

Blog07/23/2020

The economic nationalist faces a dilemma. Foreign aid handouts and economic protectionism are not only wholly compatible in theory, but the effects of foreign aid perfectly complement economic nationalists’ goals.

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The COVID Panic Is a Lesson in Using Statistics to Get Your Way in Politics

Blog07/23/2020

When it came to debating the morality and prudence of COVID lockdowns, their proponents had an ever-growing death toll statistic on their side. Those who feared the dark side of coerced lockdowns lacked the advantage of a dedicated government stat.

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GDP, Free Trade, and Prosperity

Global EconomyProtectionism and Free Trade

Blog07/23/2020

GDP is not a useful measure of the material prosperity of a nation, and the way GDP is measured tends to hide the benefits of free trade.

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Americans Are Buying Guns in Record Numbers. The Washington Post Isn't Pleased.

Media and CultureThe Police State

Blog07/22/2020

Americans have been buying lots of guns out of fear of crime and unrest this year. This suggests that the crime-guns causality is the opposite of what gun controllers say. Rather than saying "guns cause crime," we should be saying "crime causes guns."

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Antonio Gramsci: The Greatest Political Strategist in History

Media and CultureSocialism

Blog07/22/2020

Many libertarians, like Marx, are focused on economic freedom as the means to deliver liberty for all. Gramsci knew better, and he offers a lesson for libertarians who believe that broader cultural questions beyond the nonaggression principle are irrelevant for liberty.

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