Mises Wire

Before a Bust, There Is Always a Boom (and Malinvestment)

Money and Banks

Blog2 hours ago

An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation.

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Europe Faces a Fragile Economy as the Merkel Era Ends

Money and Banks

Blog7 hours ago

A euro collapse, rather than gas prices and bottlenecks, is the most likely source of sustained high CPI inflation in Europe following the Merkel era.       

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The Prospects for Soft Secession in America

AnarchyAnti-PoliticsDecentralization and SecessionLibertarianismLegal SystemProperty Rights

Blog09/21/2021

Is this trend toward soft secession necessarily illiberal? Is the potential for creating more states or political subdivisions, even if smaller and less sclerotic, moving us further from an idealized Hoppean private community model?

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Why Bureaucrats Are Sitting on So Much Money-Losing Real Estate

U.S. Economy

Blog09/21/2021

The Feds are sitting on a huge pile of decaying buildings. A private business would sell these off, but this task is apparently too difficult for federal bureaucrats. 

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Vaccine Mandates: Who Will Comply, and Why?

Law

Blog09/21/2021

The philosophy of covid passports is that people are venal and can be easily bribed and made to conform. But is this true of the people who oppose vaccine mandates? 

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Why "Natural Immunity" Is a Political Problem for the Regime

Blog09/21/2021

When asked, "'I’ve recovered from covid, is it absolutely essential that I get vaccinated?' many public health officials have put aside the data and responded with a synchronized 'yes.'"

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Why the Federalists Hated the Bill of Rights

U.S. History

Blog09/20/2021

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal antinationalists at least had a fighting chance. 

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From Diseases to Recessions, Government Failure Is Endemic

World History

Blog09/20/2021

As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised. 

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