Mises Wire

If America Splits Up, What Happens to the Nukes?

War and Foreign Policy

Blog02/17/2021

A divided America remains a wealthy America, and a postsecession America would be wealthy enough to retain a defensive military. Moreover, it's even cheaper to maintain an effective nuclear arsenal than to keep up a large conventional military.

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Money, Interest, and the Business Cycle

Money and Banking

Blog02/17/2021

"I am not against bank notes as such … I want to give everybody the right to issue his own banknotes. The problem then would be to get other men to accept such private banknotes; maybe nobody will take them."

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Subzero Rates Are Coming to the US and the UK

Money and Banks

Blog02/17/2021

Negative rates are a huge transfer of the wealth of savers and real wages to the government and the indebted. A tax on caution. The destruction of the perception of risk that always benefits the most reckless.

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Government Won't Save Us from Big Media

Monopoly and Competition

Blog02/17/2021

It's conservatives, not libertarians, who are naïve about big media power. 

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Technology Alone Won't End Poverty. We Need Savings First.

Money and BankingProduction Theory

Blog02/16/2021

Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, expansion in economic growth is not going to emerge.

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Is Math Racist? That Does Not Compute

EducationMedia and CultureWorld History

Blog02/16/2021

Rather than representing “white supremacy,” the evolution of mathematics has been a globe-, race-, and culture-spanning collaboration of advancements, an ongoing development of more effective tools for anyone to use.

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Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality"

Bureaucracy and RegulationFinancial MarketsPaternalismPlanning

Blog02/16/2021

Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.

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The Fight over Economics Is a Fight over Culture

ProgressivismU.S. History

Blog02/15/2021

Explaining good economic theory is about explaining how the other side is ripping you off.

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