Mises Wire

Let's Level the Playing Field between the Dollar and Competing Currencies

Money and Banks


Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to be that way.

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Lord Acton: Libertarian Hero

World History


When some years ago I first read Murray Rothbard's description of Lord Acton as "the great Catholic libertarian historian," I suspected overstatement. The more I learned from and about Acton, however, the more Rothbard's words rang true. 

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

Decentralization and Secession


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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Lockdowns and Easy Money Bring a Weak Recovery for Europe

Global Economy


The eurozone still had an unemployment rate of 8.3 percent and more than 7 million furloughed jobs at the end of February. This is just one outcome of the EU's harsh lockdowns and regulation-caused malaise. 

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Lockdowns Are More Economically Devastating Than Voluntary Social Distancing



Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

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Lessons on Economic Freedom from Ancient Greece

World History


Economic freedom isn't a modern invention, and ancient Greece can provide some useful examples that show how markets are the engine of prosperity and human flourishing. 

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Let's Abolish Those Presidential Medals of Freedom

U.S. History


Never trust a president's judgment when it comes to what constitutes freedom. The absurd presidential record on Medals of Freedom illustrates this well. 

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Low Rates and Limited Liability Mean Hot Markets

Money and Banking


The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016. 

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