Mises Wire

Government Employee Pensions Are Underfunded. Taxpayers Will Make Up the Difference

Big GovernmentEconomic PolicyPoliticsTaxes and Spending

Blog01/20/2024

Government employees generally have sweeter pension plans compared to private-sector employees, but government pensions are purposely underfunded. No worries for government employees: taxpayers will pick up the slack.

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Bastiat versus MMT

The FedInflationMonetary PolicyPhilosophy

Blog01/20/2024

One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat.

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Does Government Spending and Money Expansion Create New Wealth or Destroy It?

Big GovernmentCentral BanksThe EntrepreneurU.S. Economy

Blog01/19/2024

Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.

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Jacobin Capitalism?

Free MarketsLibertarianismPoliticsSocialism

Blog01/19/2024

In his review of Claes G. Ryn's The Failure of American Conservatism, David Gordon points out that Austrian economic methodology is not a value-laden Jacobin experiment, but rather a workable explanation of how a successful economy works.

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Rising Interest Rates and the "Great Reset" Bubble

Central BanksInflationMedia and CultureThe Police State

Blog01/19/2024

While the “Great Reset” involves an unholy alliance between governments and big businesses, implementing its policies is impossible without central banks suppressing interest rates. Now that rates are rising, people are finding firsthand the real costs of the “Great Reset.”

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How to Free Ourselves from Government Money (Part III)

Money and Banks

Blog01/18/2024

Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and the market.

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Reflections on the Libertarian Role in Society

LibertarianismMedia and CultureSocialismWorld History

Blog01/18/2024

As the recent election of Javier Milei in Argentina shows us, there still is a place in the political world for libertarian thinking. Liberty is a goal still worth pursuing.

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The War on Producers and Entrepreneurs Is Based on False Notions of Profits

CapitalismLabor and WagesOther Schools of ThoughtPhilosophy and Methodology

Blog01/18/2024

Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.

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