Mises Wire

The Depression of the 1780s and the Banking Struggle

U.S. History

Blog02/11/2021

In an unhampered market, there is no such thing as "excess" consumption of imports. But thanks to the creation of monopoly banks like the Bank of North America, an inflationary expansion of bank credit led to an artificial expansion of imports.

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How Not to Argue against the Minimum Wage

Bureaucracy and RegulationLabor and Wages

Blog02/11/2021

There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.

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Public Health Measures like Mask Mandates Lead to Unintended and Unpredictable Outcomes

Bureaucracy and RegulationHealth

Blog02/11/2021

What works in a clinical setting may have totally different outcomes when applied as a matter of "public health." Indeed, one-size-fits-all public health measures can often lead to unintended and unwanted results. 

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Burt Blumert's Ninety-Second Birthday

Economic FreedomPhilosophy

Blog02/11/2021

Today would have been Burt Blumert's ninety-second birthday

 
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Why No State Needs Thousands of Nuclear Warheads

War and Foreign Policy

Blog02/10/2021

The claim that the US needs an immense and varied nuclear arsenal "does serve one purpose: it keeps military budgets wondrously high."

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Troop Deployments in Washington Are a Disaster Waiting to Happen

Legal SystemThe Police StateU.S. History

Blog02/10/2021

Placing thousands of troops on the streets of the nation’s capital could be a ticking time bomb. The longer the National Guard is deployed in Washington, the greater the peril of a Kent State–caliber catastrophe. 

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Jesús Huerta de Soto’s Six Stages of the Austrian Business Cycle: Which Stage Are We in Now?

Booms and BustsMoney and BanksBusiness Cycles

Blog02/10/2021

An unheralded work on the Austrian business cycle that rivals the work of the greats is Jesús Huerta de Soto’s Money, Bank Credit, and Economic Cycles, which outlines a multistate process of boom and bust. 

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AOC and Schumer Want Taxpayer Funding for Covid-19 Funerals

HealthSocialismTaxes and Spending

Blog02/09/2021

Democrats want taxpayer funding for the families of those who died of covid. But, of course, there's no discussion of helping those who died as a result of covid lockdowns, such as those who were denied medical treatment for cancer. 

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