Mises Wire

The Economics of the Extended Family: From Risk Management to Human Capital

Labor and WagesPoverty

Blog06/03/2021

Extended families have long functioned to provide alternatives to the state in terms of risk sharing and mutual aid. Other economic benefits include the refinement of human capital and economies of scale.

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The Fed's Policies since the 2020 Coronavirus Panic

The FedInflation

Blog06/02/2021

Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined their M1 measure, and switched to average inflation targeting.

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The Abuse of Public Debt—and How It Sets the Stage for Economic Disaster

U.S. History

The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on.

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The Case of Joe Rogan: Vaccine Policy and Freedom of Speech

Bureaucracy and Regulation

Blog06/01/2021

For politically "sensitive" subjects, authorities do not accept deviations from their official story. This deleterious...

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The Worst-Kept Secret in America: High Inflation Is Back

Money and Banks

Blog05/29/2021

From wood to copper to corn, prices for basic necessities for both production and consumption are rising to multiyear highs. The Fed says it has everything under control, but the Fed has a terrible track record in both predictions and executing its plans. 

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There's No Conflict Between Profit and "Social Responsibility"

Bureaucracy and Regulation

Blog05/27/2021

The "People over Profits" mantra is once again is being heard in Washington. But this time we're hearing about it from business lobbyists themselves who are now parroting leftwing slogans about "social responsibility."

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The Bogus January 6 Commission Poses a Real Threat to Freedom

U.S. History

Blog05/25/2021

Biden and congressional Democrats are seeking to turbocharge their push for a new domestic terrorism law to permit widespread federal crackdowns on their opponents. Any rigged commission would likely pour gasoline on a fire that could singe far more American rights and liberties.

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The New Constitution: The Ratification and Amendment Process

U.S. History

Blog05/18/2021

The founders of the new constitution proposed a cynical end run around state legislatures in order to improve the odds of ratification.  The "founding fathers" increasingly abandoned established law, justifying it with claims of a "national emergency."

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