Mises Wire

The Economics of Arts and Culture

The EntrepreneurFree MarketsStrategy


Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

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The Income Tax: Lessons from the Sixteenth Amendment

Taxes and Spending


The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized and powerful US state.

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Taxes Are the Price We Pay for NOT Living in a Civilized Society

Big GovernmentBureaucracy and RegulationEconomic FreedomThe Police StateTaxes and Spending


Justice Oliver Wendell Holmes famously claimed that taxes were the price people paid for civilized society. The problem is that taxes themselves are antisocial.

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The World War Boom and '46 Bust: Why War Does Not Keep Us Out of Recessions

Economic PolicyHayekU.S. HistoryWar and Foreign Policy


Perhaps the most pernicious Keynesian myth is that a market economy needs wars in order to keep full employment. Wars don't stimulate the economy; they depress it.

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The Current Farm Bill Fraud: Government as Usual

Bureaucracy and RegulationCronyism and CorporatismU.S. Economy


The newest farm bill in Congress picks the pockets of both consumers and taxpayers. It has been that way for a century, and there is no prospect of change, at least for now.

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The Great Reset: Mises in Birmingham


Join Dr. Michael Rectenwald, Allen Mendenhall, and more in April to discuss the Great Reset.

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The RESTRICT Act Launches a New War on Free Speech

Bureaucracy and RegulationDemocracyMedia and CultureWar and Foreign Policy


The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance. 

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The Fed’s Capital Goes Negative

Money and Banks


A billion here and a billion there starts to add up to real money—we are now talking about real money when it comes to Fed losses.

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