Mises Wire

The Economics and Ethics of Government Default, Part I

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?

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No, Drops in Money Velocity Don't Offset Money Printing

InflationMoney and BankingOther Schools of Thought

Blog02/23/2021

According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.

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India's Farming Reform: A Lesson in Interest Group Politics

Cronyism and CorporatismPrice ControlsProtectionism and Free Trade

Blog02/23/2021

If Punjabi farmers had been portrayed as affluent, the media would view them as greedy entrepreneurs. But leveraging the political capital of perceived powerlessness has allowed them to obscure their true status as rent seekers. 

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The Drive for State and Federal Protective Tariffs in Early America

Protectionism and Free TradeTaxes and SpendingU.S. History

Blog02/22/2021

Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–85 was no exception.

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"Weapons of Mass Destruction": The Last Refuge of the Global Interventionist

War and Foreign Policy

Blog02/22/2021

The threat of “nuclear proliferation” remains one of the great catch-all reasons—the other being “humanitarian” intervention—given for why the US regime and its allies ought to be given unlimited power to invade foreign states and impose sanctions at any given time.

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The Idea of Secession Isn't Going Away

U.S. History

Blog02/22/2021

Americans would be wise to not dismiss separatism just because their history textbooks said it's illegal, racist, or treasonous. Instead, they should recognize it as a tool that could save a lot of headaches and even lives.

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Want More Entrepreneurship? Embrace Long-Term Legal Stability.

Blog02/22/2021

Prudent economic calculation becomes more difficult as legal and regulatory regimes are subject to frequent changes and political upheaval. 

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The Biggest Lies of the Impeachment Saga

Legal SystemU.S. History

Blog02/20/2021

The latest impeachment saga simply confirms Thomas Paine’s adage: “The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” Score another victory for the Swamp.

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