Mises Wire

The Trillion-Dollar Military Still Isn't Enough for the War Party

Blog09/10/2019

A prudent strategy would be to demand an end to the US policy of using its enormous military to constantly threaten, invade, and coerce foreign nations. Fortunately, a military like that is unlikely to cost a trillion dollars per year.

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Why a Prominent Economist Abandoned His Support for Carbon Taxes

The EnvironmentTaxes and SpendingOther Schools of Thought

Blog09/10/2019

Activists who genuinely believe the world faces catastrophe should give serious consideration to David Henderson’s reasons for thinking a carbon tax might be a false “solution."

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The National Debt Is Now More than Ten Times Annual Tax Receipts

If we compare the federal government's debt load to its income (i.e., tax receipts) the debt load is bigger than its ever been.

09/06/2019Power & Market
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Democrats and Republicans Team Up to Send Federal Spending to New All-Time Highs

Spending has gone up relentlessly since Republicans gained control of both the White House in Congress in 2016. The Democratic takeover of the House has, not surprisingly, done nothing to stop the spending juggernaut.

09/06/2019Power & Market
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The "Public Goods" Excuse for Big Government

Blog09/05/2019

We can't just assume "public goods" like national defense benefit everyone. They come with real costs, and all the "services" that fall under the category of national defense are certainly not of equal use or benefit.

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Why is the "Cost of Living" in Cities so High?

Labor and WagesU.S. EconomyPrices

Blog09/04/2019

More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?

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What Is "Originary Interest"?

Financial MarketsMoney and BanksCapital and Interest TheoryFiscal TheoryMoney and Banking

09/03/2019Mises Daily Articles
People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.
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Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession

Financial MarketsU.S. EconomyBusiness Cycles

09/03/2019Audio/Video
Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".
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