Mises Wire

Lord Acton: Libertarian Hero

World History

Blog04/30/2021

When some years ago I first read Murray Rothbard's description of Lord Acton as "the great Catholic libertarian historian," I suspected overstatement. The more I learned from and about Acton, however, the more Rothbard's words rang true. 

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Local Nullification: A Way to Fight Both State and Federal Despots

Decentralization and Secession

Blog04/29/2021

Local nullification offers a practical guide to resisting tyranny in a way that reflects the real wishes of local community members against the ivory-tower mentality of their government “representatives.”

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Lockdowns and Easy Money Bring a Weak Recovery for Europe

Global Economy

Blog04/01/2021

The eurozone still had an unemployment rate of 8.3 percent and more than 7 million furloughed jobs at the end of February. This is just one outcome of the EU's harsh lockdowns and regulation-caused malaise. 

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Lockdowns Are More Economically Devastating Than Voluntary Social Distancing

Health

Blog03/29/2021

Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

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Lessons on Economic Freedom from Ancient Greece

World History

Blog01/27/2021

Economic freedom isn't a modern invention, and ancient Greece can provide some useful examples that show how markets are the engine of prosperity and human flourishing. 

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Let's Abolish Those Presidential Medals of Freedom

U.S. History

Blog01/19/2021

Never trust a president's judgment when it comes to what constitutes freedom. The absurd presidential record on Medals of Freedom illustrates this well. 

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Low Rates and Limited Liability Mean Hot Markets

Money and Banking

Blog01/12/2021

The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016. 

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Larry Summers Reminds Us That Federal "Stimulus" Mostly Exists to Help Wall Street

Money and Banks

Blog12/30/2020

For people who remain mystified as to how populists like Donald Trump get elected, they need not look much further than this. 

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