Mises Wire

The Folly of Economic "Stabilization"

PricesValue and Exchange

Blog01/27/2020

Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."

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The Medicaid Expansion Cheat

Health

Blog01/27/2020

Proponents of Medicaid expansion pioneered new ways of covering up the true costs of a government program.

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Trade Sanctions Are Both Immoral and Ineffective

Protectionism and Free TradeWar and Foreign Policy

Blog01/23/2020

Sanctions have a long history of failure. The US government's recent sanctions on Iran will likely be no different, but they will certainly be harmful to the Iranian people.

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The Majority of Virginia Homicides Come from Only Two Metro Areas

Bureaucracy and RegulationLegal System

Blog01/22/2020

Just two metro areas in Virginia reported more homicides than all the rest of the state combined.

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The Limits of Economic Calculation

Calculation and KnowledgeValue and Exchange

Blog01/21/2020

It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.

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The Libertarian Legacy of the Old Right: Democracy and Representative Government

U.S. HistoryPolitical Theory

01/20/2020The Journal of Libertarian Studies
What is the relationship between libertarianism and democracy? This article unveils a well-consolidated tradition of criticism of democracy within libertarian political philosophy.
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The Deception behind Government Licensing Laws

Bureaucracy and RegulationCronyism and CorporatismInterventionism

Blog01/18/2020

How much licensing requirements are designed to “protect” the health of the public, and how much to restrict competition, may be gauged from the fact that giving medical advice free without a license is rarely a legal offense. Only the sale of medical advice requires a license.

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The Bank of England's Governor Fears a Liquidity Trap

Money and BanksCapital and Interest TheoryMoney and BankingOther Schools of Thought

Blog01/17/2020

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

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