Mises Wire

America Is a Technocracy, Not a Democracy

Big GovernmentBureaucracy and Regulation

Blog05/01/2020

The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.

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After Brexit, the Timing of the Coronavirus Couldn't Be Worse for EU Bureaucrats

Bureaucracy and RegulationGlobal Economy

Blog03/18/2020

Eurocrats might be able to get tables in their favoured restaurants more easily while national governments take it on the chin. But this is a temporary situation which could easily evolve into a threat against the union.

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Abolish Government Schools

EducationCalculation and Knowledge

Blog02/24/2020

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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After November Surge, Money Supply Growth Slows in December

The FedFinancial MarketsMoney Supply

Blog01/27/2020

During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent.

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A Fearful Fed Keeps Pouring Money into the Repo Market

Blog01/09/2020

Repo markets aren't as liquid as the Fed wants. This could be due to immense amounts of new government debt, or because US Treasurys aren't as risk-free as many assume.

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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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A History of Inflationary Money: From 1844 to Nixon

Booms and BustsGlobal EconomyBusiness Cycles

Blog12/11/2019

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

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Austrian School vs. Law & Economics on Air Pollution

The EnvironmentOther Schools of Thought

Blog11/01/2019

The standard Austrian approach to air pollution and regulation rejects the bean-counting of winners and losers, and instead embraces a property rights approach.

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