Mises Wire

Tobacco Smokers: America's Most Persecuted Minority

Big Government

Blog04/29/2021

If today they come for the smoker, tomorrow they will come for you. Neo-Prohibitionism has been long on the march.

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Local Nullification: A Way to Fight Both State and Federal Despots

Decentralization and Secession

Blog04/29/2021

Local nullification offers a practical guide to resisting tyranny in a way that reflects the real wishes of local community members against the ivory-tower mentality of their government “representatives.”

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Vengeance and Sacrifice: Whiteness as Scapegoat in Critical Race Theory and Critical Whiteness Studies

Media and CulturePhilosophy

Blog04/29/2021

The ideas of critical race theory and critical white studies shield a ruling elite from vengeance by attempting to make the mass of white people the scapegoat for their own crimes.

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Monetary Savings versus Real Savings

Money and Banking

Blog04/28/2021

What matters for real economics is real savings, not increases in consumer spending driven by money printing. The best way to get an increase in savings is to decrease both money pumping and government spending. 

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How Markets Have Delivered More Economic Equality

Poverty

Blog04/28/2021

People must still compete for resources in a socialist economy. In fact, the competition is intense. On the other hand, thanks to markets, basic necessities—and even basic luxuries—are now more more accessible than ever. 

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The Debate over the Scope of National Power

U.S. History

Blog04/27/2021

The nationalists at the Constitutional Convention had so far carried the substance of their program: the creation of a supreme national government and a Congress empowered to veto state laws whenever Congress thought the states "incompetent." 

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It's Time to End the Embargo against Cuba

U.S. History

Blog04/27/2021

Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it.

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An Austrian Critique of Robert Mundell's "Impossible Trinity"

Protectionism and Free TradeMonetary TheoryOther Schools of Thought

Blog04/27/2021

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

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