Mises Wire

Want to Reduce the Trade Deficit? Cut Government Spending.

Protectionism and Free TradeTaxes and Spending

Blog11/11/2020

A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree. 

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Mises Explains Why Socialism Fails

Blog11/07/2020

By abolishing private ownership for production goods, socialism abolishes the market for them, and makes it impossible for market prices to emerge and for costs of production to be computed

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The Rise of Mega–Gambling Facilities: A New Skyscraper Curse?

Booms and BustsFinancial Markets

Blog11/06/2020

Circa casino’s new three-story, 78 million–pixel, high-definition screen in its sportsbook gambling compound may represent a new frontier in mega–building trends similar to those of skyscrapers. 

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Rothbard’s Refutation of the Quantity Theory of Money

Blog11/05/2020

Rothbard provides three main reasons why  Irving Fisher’s equation of exchange—which underlies the monetarist quantity theory of money—is useless. 

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How I Survived Travel to a "Democracy" Where I Had No Vote

Philosophy and MethodologyPolitical Theory

Blog10/31/2020

If democracy is so fundamental, shouldn’t we all have a vote in every place we set foot, from Sunbury, Alaska, to Monaco?

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The Fed's Balance Sheet May Be Headed to $40–$50 Trillion

The FedFinancial MarketsTaxes and Spending

Blog10/30/2020

If the current thinking continues, the world’s central banks will buy whatever paper governments issue. The result by the end of the decade will be a Federal Reserve balance sheet totaling $40 to $50 trillion. 

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Most Everything Governments Do Should Be Regarded as "Corrupt"

Cronyism and CorporatismTaxes and SpendingPolitical Theory

Blog10/03/2020

Governments that redistribute wealth and regulate our daily lives are inherently corrupt. We cheapen the word "corruption" when we reserve it for just a few politicians who break the arbitrary rules.

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Can the Stock Market Protect Wealth Better Than Gold and Silver?

InflationGlobal EconomyStrategy

Blog10/02/2020

Trying to stay ahead of the government printing press is the modern citizen’s constant worry.

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