Mises Wire

4 Reasons to Oppose a Universal Basic Income

PovertyTaxes and Spending

Blog1 hour ago

Beyond the usual arguments about incentives and taxes, a Universal Basic Income is a dangerous policy that supercharges the state and threatens to heighten tensions between different groups in society.

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Money and Gold in the 1920s and 1930s: An Austrian View

U.S. HistoryMoney and BankingMoney Supply

Blog06/18/2019

The Fed’s monetary policy, except for very brief periods in 1929 and 1936–1937, was consistently and unremittingly inflationist in the 1920s and 1930s.

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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There Is No Neutral Tax: Lessons from the the Amazon HQ2 "Subsidy"

Taxes and Spending

Blog06/14/2019

The tax-incentive deal Amazon had with New York was not a "subsidy" — in fact, Amazon pays enormous amounts of net taxes.

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Money Velocity and Economic Growth

Financial MarketsMoney and BanksMoney and Banking

Blog06/10/2019

Contrary to popular thinking, the velocity of money does not have a life of its own.

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Correlation ≠ Causation

Philosophy and Methodology

Blog06/01/2019

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

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Will China Reverse Its Trade Surplus with the United States?

Global EconomyProtectionism and Free Trade

Blog05/30/2019

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

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Bureaucracy, Legal Immunity, and Prosecutorial Abuse

By making government prosecutors nearly invulnerable to legal accountability, the courts have unleashed a situation which F.A. Hayek described as one in which “the worst get on top.”

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