Mises Wire

Trump's Spending Is Delaying a Recovery. Biden Would Be Even Worse.

Taxes and SpendingU.S. Economy

Blog07/31/2020

Debt matters, even if interest rates are low. Increasing debt and spending means lower growth and weaker real wages in the future.

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Hopes for "China-ization" of Europe's Economy Fuels the Latest Investor Frenzy

Monetary PolicyTaxes and Spending

Blog07/30/2020

If there is a new dawn, it is for the Sinicization of Europe—China-style stimulus administered alongside a severely ailing financial system kept whole by widespread financial and monetary repression.

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MMT's Very Odd Definition of "Savings"

Monetary PolicyInterventionismOther Schools of Thought

Blog07/30/2020

Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.

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The Government Wants Your Crypto Data. And Lots of It.

Big GovernmentBitcoinThe Police State

Blog07/29/2020

Cryptocoins aren't entirely anonymous, and the state is hard at work gathering as much information as it can on all crypto users.

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American Police Forces Were Created to Fight Rioters. But Police Probably Made Things Worse.

The Police StateU.S. History

Blog07/29/2020

Contrary to the popular narrative that government police establish law and order, there is good reason to believe that the advent of militarized police in the 1800s led to an escalation of riots and political corruption while offering little law or order.

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Nock and Mencken on Democracy and Equality

U.S. HistoryPolitical Theory

Blog07/28/2020

The egalitarian society is pledged to common cultural values resulting in a rigorous homogeneity. Thus, a man who stands in contempt of the prevailing ideology has no rights under the law.

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There Are No Winners in the US-China "Tech War"

Protectionism and Free TradeSocialismWar and Foreign Policy

Blog07/28/2020

The alleged rise of China to impending global tech dominance is greatly overstated. And US efforts to combat China will only make American companies less competitive.

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When It Comes to Masks, There Is No "Settled Science"

Big GovernmentHealthSocialism

Blog07/28/2020

A survey of the research shows that the science of mask wearing is hardly "settled." And this up-in-the-air nature of it all is a reminder of how immoral it is to impose mandates on people, backed with state violence.

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