Mises Wire

If People Can't Be Trusted with Market Freedom, They Also Can't Be Trusted with the Vote

Interventionism

Blog8 hours ago

Behavioral economists say that since individuals are irrational, we need more state intervention in the economy. However, their criticism can be turned around: if individuals are irrational, government power is especially dangerous.

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Why "Worker Exploitation" Is a Myth

Labor and Wages

Blog10/14/2019

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

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Shays's Rebellion: The Excuse for a Centralized American State

Taxes and SpendingU.S. History

Blog10/11/2019

The so-called Founding Fathers used small-scale tax rebellions to justify their counter-revolution against the spirit of 1776, thus launching the big-tax, big-government Constitutional Convention of 1787.

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The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Economic Growth Does Not Cause Price Inflation

Blog10/07/2019

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

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Beware of Defense Secretaries Pledging Reform

War and Foreign Policy

For the Pentagon, happy days are here again. With a budget of more than $1.4 trillion for the next two years, the department is riding high as it attempts to set the stage for yet more spending increases in the years to come.

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Price Fixing in Ancient Rome

Booms and BustsFree MarketsGlobal EconomyWorld HistoryInterventionism

10/03/2019Mises Daily Articles
State intervention and a crushing fiscal policy made the whole empire groan under the yoke; more than once, both poor men and rich prayed that the barbarians would deliver them from it.
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