Mises Wire

Public Policy Always Costs Somebody Something

Bureaucracy and RegulationTaxes and Spending

When there are several false premises, the odds turn heavily against the likelihood of good policy.
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Phishing for Phools: The Economics of Manipulation and Deception

Taxes and SpendingInterventionismPolitical Theory

03/04/2016The Austrian
Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.
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Political Illiberalism: A Defense of Freedom by Peter L.P. Simpson

Political Theory

12/07/2015The Austrian
It is remarkable, since Simpson is no libertarian, that his views on the state converge so substantially with views some libertarians have long defended.
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Politicians Seek Short-Term Advantages by Lecturing Capitalists about the Long Term

Calculation and KnowledgeValue and Exchange

08/04/2015Mises Wire
Capitalists generally think in terms of future earnings, and future value of investments often helps determine the present value. Hillary Clinton, however, has decided to achieve her short-term election goal by hectoring capitalists for thinking too much about the short term.
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