Mises Wire

The True Cost of Taxation Is Much Higher Than Your Tax Bill

Blog4 hours ago

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.

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The Economics and Ethics of Government Default, Part II

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

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The Great Reset, Part V: Woke Ideology

PhilosophyPlanningPolitical Theory

Blog02/27/2021

How would a reset of the mass mind come to pass that would allow for the many elements of the Great Reset to be put into place—without mass rebellion, that is? This is the function of ideology.

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The Purpose of Political Demigods like Lincoln and the "Founding Fathers"

Book Reviews

Blog02/27/2021

How do we convince people to submit themselves to the regime or to even die for it? Convince them that the regime was founded and sustained by a breed of superhuman "statesmen" like Wilson, Lincoln, and the "Founding Fathers."

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The Dangers Lurking behind a Digital Euro

Money and Banking

Blog02/26/2021

As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked. 

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The PRO Act Is Not Just a Union Handout—It's an Assault on the Freedom of Association Itself

U.S. History

Blog02/25/2021

The bill’s supporters may talk about how it will give workers the ability to choose to organize at work, but much like the mafia, this bill will ensure that the choice to unionize is one that workers can’t refuse.

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The Greatest Thing the Roman Empire Ever Did Was Go Away

World History

Blog02/24/2021

Scheidel contends that the fall of Rome precipitated the kind of competition-driven innovation that made modernity possible in the first place. Rome’s greatest gift to posterity is that, in disappearing, it made room for the West to rise.

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The Economics and Ethics of Government Default, Part I

Monetary PolicyTaxes and SpendingPhilosophy and Methodology

What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?

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