Mises Wire

The Virginia Elections Showed Some Parents Are Seeing How Bad the Government Schools Really Are



If there’s one political fight worth seeing through, it’s the crusade against government schooling. Many parents in Virginia may have started to see just how important the fight has become.

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The REAL ID Means a Real Leviathan

The Police StateU.S. History


While 9/11 is mainly forgotten, a deafening trumpet announces the presence of other supposed crises, such as covid and climate change. The Leviathan is now excited and encouraged by the possibilities of new rules and new IDs.

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The Oklahoma National Guard Refused the Vax Mandate. The Pentagon Is Not Pleased.

War and Foreign Policy


Combined with the US military’s turn toward “woke” politics, this latest episode around vaccine mandates will further help to undermine support for military institutions among conservatives and Republicans. 

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Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever


After the Lehman collapse, Wall Street learned nothing. In fact, Wall Street instead embraced Too Big to Fail which means the financial sector is more dependent on government than ever before. 

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The Problem with "Stakeholder Capitalism"


There's nothing wrong with firms focusing on wealth maximization. In fact, this process allows for workers and investors to gain more wealth—and to put that wealth to use helping everyone in society.

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The Left Still Pines for Socialist War Planning

War and Foreign Policy


Left-leaning economists and journalists apparently still harbor nostalgia for the central planning and protectionism of the "good ol' days" of the Second World War.

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There's Nothing Hawkish about the Fed's New Tapering Plan

U.S. History


In a normal universe, we have a name for this sort of monetary policy: it’s called “extreme dovishness” or “extremely accommodative.” In the bizarro world of 2021, it is anti-inflationary.

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The Madness of Taxing Unrealized Capital Gains

Taxes and Spending


The new proposal is framed as a tax on the ultrarich. The same was true of the new income tax in 1913. If given the power to tax unrealized gains, expect the feds to expand the tax to ordinary people.

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