Mises Wire

In Healthcare, a Little Bit of Market Freedom Goes a Long Way

Cronyism and CorporatismFree MarketsHealth

Blog12/30/2019

Clearly marked prices on private-sector cash-payment surgeries are a great thing. In fact, the competition of for-profit surgery centers drives down prices at more "traditional" (i.e., highly bureaucratized) hospitals.

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How to Write and Understand History

Philosophy and Methodology

Blog12/28/2019

Economic history is possible only because there is an economic theory capable of throwing light upon economic actions. If there were no economic theory, reports concerning economic facts would be nothing more than a collection of unconnected data open to any arbitrary interpretation.

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Abolish the Office of the First Lady

Media and CultureU.S. History

Blog12/23/2019

Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.

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Bernie Sanders and Robert Reich Don't Just Want to Tax the Rich, They Want to Abolish Billionaires

Big GovernmentSocialismTaxes and Spending

Blog12/20/2019

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.

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Where's the Inflation? It's in Stocks, Real Estate, and Higher Ed

Blog12/16/2019

Price inflation is probably down in energy, food, and apparel. But asset price inflation in stocks and real estate is significant.  This means high rents and high home prices for ordinary people. 

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Is 150 Years of Bank Credit Expansion Nearing Its End?

U.S. HistoryMoney and Banking

Blog12/14/2019

Central bankers want to find a means of resetting everything, exploring solutions such as digitising currency through blockchains, doing away with cash, and finding other avenues to try to control the so-called vagaries of free markets.

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The US Economy Is Being Japanified — Thanks to the Fed

The FedGlobal Economy

Blog12/14/2019

Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?

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Embrace Unilateral Free Trade with the UK — Right Now

Protectionism and Free Trade

Blog12/13/2019

Americans ought to begin thinking of trade between the US and the UK as something comparable to trade between California and Idaho.

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