Mises Wire

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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Bitcoin and the Theory of Money

History of the Austrian School of EconomicsMonetary Theory

Blog04/29/2020

In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.

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Brexit Voters Aren't As "Irrational" As Their Opponents Think

Global EconomySubjectivismValue and Exchange

Blog02/05/2020

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

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Brexit: Predictions of Economic Doom Show Why People Ignore "Experts"

Bureaucracy and RegulationProtectionism and Free Trade

Blog02/03/2020

Experts who predicted economic doom as Brexit approached obsessed over the problem of "transaction costs" in trade. But the EU was imposing countless new transaction costs of its own.

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Bernie Sanders and Robert Reich Don't Just Want to Tax the Rich, They Want to Abolish Billionaires

Big GovernmentSocialismTaxes and Spending

Blog12/20/2019

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.

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Baltimore's Homicide Rate Is Ten Times Larger than the US Rate

Legal System

Blog08/02/2019

When it comes to Baltimore being a haven of appalling violent crime, Trump's not wrong. Although it has strict gun control laws, Baltimore's homicide rate is comparable to that of El Salvador and Venezuela.

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Bernie Sanders Shows Us How a Minimum Wage Hike Hurts Workers

Bureaucracy and Regulation

Blog07/23/2019

Rather than pay his campaign workers more out of his personal wealth, Bernie Sanders is cutting employee hours and scaling back campaign events — thus illustrating how minimum wage hikes are a problem for workers.

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Billionaires Aren't Quite As Rich as We Think They Are

PovertyValue and Exchange

Blog04/30/2019

If the Wal-Mart CEO were to take a $1 salary and the company were to spread that over each of the company's workers, each worker would receive a one-time bonus of $10.

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