Mises Wire

Who Has Better Ethics, the Social Security System or Bernie Madoff?

Big GovernmentEconomic FreedomU.S. Economy

Blog1 hour ago

Nearly everyone has heard of Bernie Madoff and rightly associates his name with financial fraud. Yet, the Social Security system is built on a Ponzi scheme similar to what Madoff created.

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The Fed Is Not "a Good Idea that Became Corrupt": It Always Was Corrupt

The FedProgressivismU.S. History

Blog12/01/2022

It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.

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How the State Seized Control of Marriage

World History

Blog12/01/2022

State regulation of marriage—and the ensuing secularization of marriage that followed—is a historical development that was part of the larger trend toward the expansion of state power.

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Deflation Is Not a Problem: Reversing It Is

Central BanksInflationKeynes

Blog12/01/2022

Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.

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Who Really Owns Big Digital Tech?

Big GovernmentBureaucracy and RegulationCronyism and CorporatismU.S. Economy

Blog11/30/2022

Is Big Tech a government creation—as the American Conservative recently claimed—or is it the result of entrepreneurs employing a mechanism created for noncommercial uses? It is both, writes Michael Rectenwald.

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Who Pays Wealth Tax: The Rich or the Poor?

CapitalismLabor and WagesTaxes and Spending

Blog11/30/2022

Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."

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Want to Protect Children? Don't Embrace "Safetyism"

Big GovernmentProgressivismThe Police State

Blog11/30/2022

No one seems to support "safetyism," or "helicopter parenting," yet Americans seem obsessed with keeping their children "safe" at all costs. It is not good for children—or their parents.

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Money Supply Growth in October Fell to a 39-Month Low. A Recession Is Now Almost Guaranteed.

U.S. Economy

Blog11/29/2022

Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession. 

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