Mises Wire

Who Pays Wealth Tax: The Rich or the Poor?

CapitalismLabor and WagesTaxes and Spending

Blog4 hours ago

Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."

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Want to Protect Children? Don't Embrace "Safetyism"

Big GovernmentProgressivismThe Police State

Blog5 hours ago

No one seems to support "safetyism," or "helicopter parenting," yet Americans seem obsessed with keeping their children "safe" at all costs. It is not good for children—or their parents.

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Money-Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed.

U.S. Economy

Blog11/29/2022

Money-supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession. 

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Money Laundering: Another Noncrime Pursued by Criminal Authorities

Bureaucracy and RegulationThe Police State

Blog11/29/2022

Money laundering is illegal in the USA, but like so many other federal crimes, it is difficult to identify and define. That is the perfect recipe for government abuse of innocent people.

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As Easy Money Crashes, the Political and Legal Effects Appear

Financial MarketsInflationMedia and Culture

Blog11/29/2022

As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.

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The Reichsbank: Germany's Central Bank Lays Foundation of Monetary Disaster

Central BanksInflationMoney and BanksWorld History

Blog11/28/2022

Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.

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Taxing the Wealthy: A Tale of Two State Propositions

Economic PolicyFree MarketsProgressivismTaxes and Spending

Blog11/28/2022

Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.

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College Loans and Hazlitt's Lesson: Ignoring the Larger Picture

Cronyism and CorporatismEconomic PolicyEducation

Blog11/26/2022

Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood.

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