Mises Wire

All You Need to Know about Alexis de Tocqueville

World History

Blog07/01/2020

It doesn't take an immense amount of insight to see the relevance of Tocqueville's central concern to our situation today. What are the so-called Twitter mobs if not the "tyranny of the majority" at work?

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Beware Washington's Latest Trillion-Dollar Infrastructure Scheme

Blog06/29/2020

The Democrats want trillions spent on infrastructure for a "Green New Deal." The GOP wants a trillion for roads and bridges. They're likely to find a way to "work together" to spend trillions either way.

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The Second Round of Lockdowns Won't Be as Easy as the First

U.S. History

Blog06/26/2020

A second round of lockdowns will assault an America already suffering from widespread unemployment and a fragile economy. Even worse, round two is likely to last longer than round one, bringing an even larger economic and social toll.

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The Corona Crisis Could Bring a New Era of Decline for American Core Cities

Blog06/25/2020

Faced with declining city budgets, harsh future COVID lockdowns, and more riots, many residents and business owners in America's core cities will likely decide the cities aren't worth the trouble anymore.

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New Colorado Police Reform Ends Cops' Qualified Immunity and Sidesteps Federal Courts

Blog06/24/2020

Federal judges invented the notion of "qualified immunity" to protect police from lawsuits. So now Colorado has done an end run around the federal courts and removed qualified immunity as a defense.

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A Review of Stephanie Kelton’s The Deficit Myth

Book ReviewsMonetary PolicyTaxes and SpendingMonetary Theory

Blog06/23/2020

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.

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Did (Classical) Liberalism Fail? If It Had, Things Would Be Much Worse Than They Are

U.S. History

Blog06/22/2020

The Left continues to attack classical liberalism (although they now call it "neoliberalism") precisely because it's the liberal ideology that continues to provide the most consistent opposition to the leftist program. If liberalism had failed, the Left wouldn't still be attacking it.

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After the Lockdowns, Government "Fixes" for the Economy Will Make Things Even Worse

InflationFinancial MarketsU.S. History

Blog06/20/2020

Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.

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