Mises Wire

In Spain You Can't Use Your Own Back Yard. Police Make Sure of It.

Big GovernmentGlobal Economy

Blog03/23/2020

Philipp Bagus reports from Spain: when people are frightened enough, they'll let the state do pretty much anything.

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If China Is the Problem, Can't We at Least Have Free Trade with Everyone Else?

Protectionism and Free Trade

Blog03/10/2020

Protectionists think China is a geopolitical threat. I get that. But their (weak) arguments about China don't apply at all to the rest of the world.

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Is the Fed Ready for a Recession?

The FedFinancial MarketsMonetary Policy

Blog03/02/2020

By being so dovish for so long, the Fed has greatly limited what it can do in case of recession without resorting to untried and radical solutions like negative rates.

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Individual Responsibility and Guilt

Philosophy and Methodology

Blog02/21/2020

Susan Neiman contends Southerners need to acknowledge guilt for slavery, segregation, and lynching, and "work off" the past. But collective responsibility is a chimera, and a dangerous one at that.

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Is Free Market Economics Too "Ideological"?

Free MarketsPhilosophy and Methodology

Blog02/20/2020

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.

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Intellectual Property: Innovation Should Serve Consumers, Not Producers

Protectionism and Free TradeEntrepreneurship

Blog02/06/2020

Innovations aren't very useful unless they serve consumers in the marketplace. Otherwise, we're pursuing innovation for its own sake, and that isn't progress.

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If Trump Decides to Start a Nuclear War, No One Can (Legally) Stop Him

War and Foreign Policy

Blog01/08/2020

There's no evidence Trump is more trigger-happy than any other president, but the presidency's unchecked nuclear-launch power will remain a problem both now and with future presidents.

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Investors, Randomness, and Entrepreneurial Thinking

Financial MarketsMedia and CultureCalculation and Knowledge

Blog01/07/2020

It's possible for investors and entrepreneurs to make a lot of money in markets without understanding the economic theory behind their actions.

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