Mises Wire

Privatize the Police

The Police StatePrivate Property

Blog26 min ago

One big problem a government police force must always face is: What laws really to enforce? Police departments are theoretically faced with the absolute injunction, “enforce all laws,” but in practice scarcity means only some laws are enforced. Which ones?

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An "Open Mind" Is of No Use When It's Open to Lies

Philosophy

Blog41 min ago

Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s minds to what government bureaucrats wanted. 

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The Feds Collect Most of the Taxes in America—So They Have Most of the Power

U.S. Economy

Blog06/24/2021

The federal government collects a lot more in taxes than the state governments do. And the feds also spend a lot more. This tells us a lot about how the federal government came to dominate all political systems in America. 

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The Real Trickle-Down Effect: Making "Luxuries" Affordable to Regular People

Global Economy

Blog06/24/2021

The "trickle down" effect is real in how capitalists are motivated to expand affordability of their products and services. Mobile phones and air travel were once just luxuries enjoyed by a select few, but are now widely affordable. 

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Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI

Blog06/24/2021

Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways. 

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Can Economics Save Medicine?

Health

Blog06/23/2021

Medicine is absolutely poised for incredible entrepreneurial breakthroughs which will revolutionize not only the practice and delivery of medicine, but how we think about health altogether.

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Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle

Money and Banks

Blog06/23/2021

An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. 

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How Fiat Money Changes Culture

Money and Banks

Blog06/23/2021

The creation and enforcement of fiat money enables larger and more centralized government. Large government programs become possible that were not possible or sustainable under a market-chosen, sound money standard. 

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