Mises Wire

Economic Progress Requires Long-Term Thinking

Bureaucracy and Regulation

Blog11/05/2021

Economics is not simply a series of transactions with hidden implications. Rather sound economics understands that long-term effects outlive the short-term effects of every economic principle or policy.

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Industrial Policy—a.k.a. Central Planning—Won't Make America Great

Bureaucracy and RegulationTaxes and Spending

Blog11/05/2021

China's industrial policy has been marked by many failures and few successes. Rather, China's real growth has been fueled by the regime's limited turn to markets. 

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There's Nothing Hawkish about the Fed's New Tapering Plan

U.S. History

Blog11/04/2021

In a normal universe, we have a name for this sort of monetary policy: it’s called “extreme dovishness” or “extremely accommodative.” In the bizarro world of 2021, it is anti-inflationary.

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The Madness of Taxing Unrealized Capital Gains

Taxes and Spending

Blog11/04/2021

The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people.

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How Media and Tech Elites Seized Control of Elections

Book Reviews

Blog11/04/2021

Our aim ought not to be to make democracy “work better” but to use revelations of corruption as a tool to question altogether its value as a political and social system of organization.

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Employer Vaccine Mandates: When the Feds Pay the Piper, They Call the Tune

U.S. History

Blog11/04/2021

Vaccine mandates are much easier to enforce thanks to the spread of government spending, government contracting, and monopolized government services.

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What "Inflation" Really Means

Money and Banks

Blog11/03/2021

When it comes to both monetary and fiscal policy, sloppy definitions of inflation drive sloppy policymaking.

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Pope Francis Blames Capitalism for World Hunger, Yet Again

Blog11/03/2021

Francis should note that the move toward freer markets, in India and China especially, resulted in the huge reduction in extreme poverty we have witnessed over the last few decades.

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