Mises Wire

Fear Makes It Easy for Governments to Expand Power

Big GovernmentHealthLegal System

Blog03/25/2020

Why are governments so enthusiastic about shutting down businesses when other less draconian measures are available and prudent? The answer lies in the fact that governments can act with near impunity and want to maximize their power.

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Fail: Quantitative Methods Presume That Human Action Is Reflexive

Philosophy and MethodologyPraxeology

Blog03/21/2020

Quantitative methods can't be applied to human action, which is purposeful and not a mere reflex. For this reason, mathematical formulas can only describe events, never explain them.

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Financialization: Why the Financial Sector Now Rules the Global Economy

Blog03/18/2020

"Financialization" is the process by which a normal economy is transformed into a fragile economy centered around financial firms. Central banks and government bailouts are to blame.

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Fed-Driven Asset Price Inflation Means You Can Now Buy Less House Than You Could Before

Booms and BustsInflationMonetary Policy

Blog02/27/2020

Central banks are driving asset price inflation in stocks and real estate. That means people holding those assets get richer. But everyone else just gets higher prices.

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Four Reasons Inequality Isn’t What You Think It Is

The EntrepreneurPovertySocialism

Markets are not the enemy of equality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.

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Foreign Aid Empowers Corrupt Regimes. End It.

Taxes and SpendingWar and Foreign Policy

Blog02/13/2020

US aid to foreign regimes helps free governments from having to raise funds from their own people. So, the recipients of foreign aid are likely to become less responsive and more corrupt.

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Franz Jägerstätter: Conscientious Objector

Media and CultureStrategyWar and Foreign PolicyWorld History

Blog01/29/2020

Terrence Malick's new film about conscientious objector Franz Jägerstätter is a subtle film. But perhaps too much so, and we need to look deeper to understand why this one man so vehemently resisted the Nazi state at the cost of his own life.

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Fed Nominee Judy Shelton Wants Sound Money—and Lots of It

Money and BanksMoney and Banking

Blog01/21/2020

Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.

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