Mises Wire

The Crime of '71: When Nixon Ended the Dollar's Last Connection to Gold

U.S. History

Blog08/13/2021

Nixon's decision to end the gold redeemability of the greenback was probably the most comprehensive act of monetary expropriation of modern times.

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Yet Again, the Media's Covid Narrative Doesn't Add Up

U.S. History

Blog08/12/2021

States with long-lasting lockdowns, covid restrictions, and even mounting vaccine “incentives” have still been hit harder than more laissez-faire states in many cases, even after the virus has had eighteen months to spread well beyond the borders of the initial hot spots.

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Inflation's Assault on the Family

U.S. Economy

Blog08/12/2021

In the era of global lockdowns, we've seen increasing supplies of money, decreasing supplies of goods, and governments financing their citizens to forgo work and stay home. The resulting price inflation should surprise no one. 

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China: The Regime's Managed Economy Is Stagnating

Global Economy

Blog08/12/2021

China is a lesson for those in the West that see China’s rising interventionism as a good idea. Political interventionism means bad capital allocation, worse job creation, and the worst type of inequality, the one that is politically driven.

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Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together

U.S. Economy

Blog08/11/2021

Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession.

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Pandemics, Infection, and Libertarianism

HealthProperty Rights

Blog08/11/2021

When we think in terms of the foundational law of property, it's clear that broad charges of aggression through infection are spurious at best.

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The Great Keynesian Coup of August 1971: Fifty Years Later

Money and Banks

Blog08/10/2021

The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today. 

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It’s Time to Abolish the Capital Gains Tax

U.S. Economy

Blog08/10/2021

The capital gains tax cuts off start-ups and smaller entrepreneurs from access to flows of capital. The tax makes society more wasteful, less innovative, and less dynamic.

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