Mises Wire

The Problem with "Just Do What the Cops Say and You Won't Get Hurt"

Law

Blog5 hours ago

Apologists for police abuse often claim that if a citizen complies with police orders and does what  he's told, then he won't get hurt. The evidence says otherwise. 

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The Interesting Case of the Zaïre—the Question MMT Cannot Answer

Money and Banks

Blog04/16/2021

The case of the zaïre currency in the Democratic Republic of the Congo provides strong anecdotal evidence discounting the fiat currency–obsessed modern monetary theory.

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The Plutocrats of Wall Street and Silicon Valley Are Scamming America

Cronyism and CorporatismTaxes and Spending

Blog04/15/2021

Free market advocates long ago figured out that the monied classes of bankers and Wall Street operatives were exploiting the "little people" to prop up the fortunes of what is now the billionaire class. The scam is alive and well today. 

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The Plan to Save the the Postal Service by Making It Even Worse

U.S. History

Blog04/15/2021

The post office can't seem to balance its books. So like all monopolists, the postal service plans to "improve" things by increasing prices and making its service even worse. 

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The Inverted Yield Curve and Recession

Booms and BustsCapital and Interest Theory

Blog04/12/2021

Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.

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The 200th Anniversary of a Great American Demolition of Tyranny

Blog04/09/2021

John Taylor's Tyranny Unmasked is one of the best American books on trade by one of the most thoughtful and least appreciated political analysts of the founding era.

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The Equality Act's Attack on Religion Is Really about Private Property Rights

U.S. History

Blog04/08/2021

Like other "antidiscrimination" schemes, the Equality Act is just another way to to extend federal power over every private institution and aspect of private life. 

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Trust, Corruption, and the Cultural Foundations of Capitalism

Blog04/08/2021

Capitalism works well in developing countries when certain cultural obstacles are overcome. But if we ignore the cultural foundations of market institutions, we only succeed in generating contempt for capitalism. 

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