Mises Wire

"Rules of Origin" Show Why Trade Agreements Aren't Free Trade

Global EconomyProtectionism and Free Trade

Blog12/31/2019

A “free trade agreement” in practice isn’t simply an index card declaring, “Tariffs on Country X are 0 percent, three cheers for Bastiat!” These are managed trade agreements, with hundreds of pages devoted to detailed regulations that smack of top-down Soviet planning.

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This President Was Impeached for Being Insufficiently Pro-War

12/31/2019Power & Market

There are certainly good reasons to impeach presidents, but Trump's alleged "treason" isn't one of them.

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In Healthcare, a Little Bit of Market Freedom Goes a Long Way

Cronyism and CorporatismFree MarketsHealth

Blog12/30/2019

Clearly marked prices on private-sector cash-payment surgeries are a great thing. In fact, the competition of for-profit surgery centers drives down prices at more "traditional" (i.e., highly bureaucratized) hospitals.

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How to Write and Understand History

Philosophy and Methodology

Blog12/28/2019

Economic history is possible only because there is an economic theory capable of throwing light upon economic actions. If there were no economic theory, reports concerning economic facts would be nothing more than a collection of unconnected data open to any arbitrary interpretation.

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Abolish the Office of the First Lady

Media and CultureU.S. History

Blog12/23/2019

Once upon a time, the president was expected to pay for parties and public relations out of his own pocket. Now we have the Office of the First Lady, so taxpayers can now pay her staff to plan opulent parties for wealthy donors and powerful politicians at the White House.

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Economics and the Revolt against Reason

Austrian Economics OverviewHistory of the Austrian School of EconomicsPraxeology

12/21/2019Mises Daily Articles
It is not a conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are convinced of the untenability of their own doctrines.
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Bernie Sanders and Robert Reich Don't Just Want to Tax the Rich, They Want to Abolish Billionaires

Big GovernmentSocialismTaxes and Spending

Blog12/20/2019

The American Left used to argue that we needed higher taxes on the rich so they would "pay their fair share." Nowadays, they are arguing that billionaires shouldn't exist at all.

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Where's the Inflation? It's in Stocks, Real Estate, and Higher Ed

Blog12/16/2019

Price inflation is probably down in energy, food, and apparel. But asset price inflation in stocks and real estate is significant.  This means high rents and high home prices for ordinary people. 

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