Mises Wire

The Birth of a Monster

The FedMoney and BanksMoney and Banking

7 hours agoMises Daily Articles
As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.
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The State Expands its Responsibilities In Order to Expand Its Power

Taxes and Spending

Blog02/16/2019

Governments take on a variety of responsibilities as a justification for greatly expanding powers — claiming these powers are necessary to fulfill these new responsibilities.

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The Problem with Cutting Taxes without Reducing Spending

Money and BanksMoney and Banking

Blog02/15/2019

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

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The Ethics of Capitalism

From the ArchivesLegal SystemPhilosophy and Methodology

Blog02/14/2019

There is no justification for any lawful entrepreneur to feel any sense of guilt in appropriating the results of his or her creative activity.

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The Folly of Minimum Wage Laws

Blog02/14/2019

Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.

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The UK Government’s "Secret Plan" to Slash Taxes After a No-Deal Brexit

Blog02/14/2019

UK politicians are now at war as some push to make Brexit a catalyst for pro-market reforms such as slashing taxes. Others, however, want to double down on the worst the EU bureaucracy has to offer.

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The Emergence of Grant, Part 2: Fort Henry

U.S. HistoryWar and Foreign Policy

02/13/2019Audio/Video
Chris Calton recounts a victory that would give the Union access to the Confederate heartland—the capture of Fort Henry.
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The Problem with Big Tech

Blog02/12/2019

Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.

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