Mises Wire

The Worst Argument Against Secession: "We Tried It Before"

U.S. History

Blog2 hours ago

By the logic of "we tried it before," the Soviet victory over Lithuania in 1953 meant that the question of Lithuanian independence was settled forever. It would also tell us that Irish independence was forever forbidden after the Easter Rebellion failed in 1916. 

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Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism

Book ReviewsMedia and CulturePhilosophySocialism

Blog3 hours ago

Christianity Today and other Christian publications are touting a book that claims to be based upon “biblical critical theory.” It’s yet another version of Marxism that is neither critical nor biblical. It’s just more Marxism.

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The Tyranny of the 1964 Civil Rights Act

Big GovernmentBureaucracy and RegulationLawLegal System

Blog3 hours ago

While “wokeness” seems to be a new phenomenon, the problems are tied to a sixty-year-old “landmark” law: the 1964 Civil Rights Act. This law, unfortunately, promotes government tyranny in the name of freedom.

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Javier Milei Ended a DC-Sized Deficit in...Nine Weeks

CapitalismGlobal EconomyTaxes and Spending

Blog4 hours ago

How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts.

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US States Have a Long History of Defaulting

Big GovernmentEconomic PolicyTaxes and SpendingU.S. History

Blog02/23/2024

As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts.

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Misunderstanding Both Lincoln and Basic Economics

Cronyism and CorporatismDecentralization and SecessionEconomic PolicyU.S. History

Blog02/23/2024

Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.

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Hubris Runs Rampant at the Fed

The FedFinancial MarketsMoney and BanksU.S. Economy

Blog02/23/2024

In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.

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Welfare for Migrants Ensures the Border Crisis Will Continue

U.S. History

Blog02/22/2024

If it were that easy to close a 1,900-mile border, this country would not be awash in illegal drugs imported from abroad. This is why cutting off migrant subsidies and welfare is a critical step in dealing with immigrant flows. 

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