Mises Wire

Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does

Big GovernmentGlobal EconomyPoliticsTaxes and Spending

Blog02/03/2024

In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well.

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A Short History of the Right to Self-Determination

Decentralization and Secession

Blog02/03/2024

Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide. 

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How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

Blog02/03/2024

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

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Serbia’s Two Traditions of Freedom

Economic FreedomSocialismWar and Foreign PolicyWorld History

Blog02/02/2024

We don't think of Serbia as a “free” country, but there were movements toward limited government in the past. Unfortunately, the events of the twentieth century overwhelmed the freedom movements there.

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Does Socialism Protect Rights or Violate Them?

CapitalismDemocracyMedia and CultureSocialism

Blog02/02/2024

Continuing his examination of Scott Sehon's book on socialism, David Gordon asks if socialism violates people's rights. Gordon concludes that it does.

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Argentina and the Watching World

Economic PolicyLibertarianismSocialismWorld History

For close to eighty years, Argentina has been the world's poster child for reckless and spendthrift government. Today, the world watches it for a very different reason: Rothbardian reforms.

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Are Bankruptcies of Some US States in the Future?

Big GovernmentEconomic PolicyPoliticsTaxes and Spending

Blog02/01/2024

Federal spending is not the only out-of-control government spending in the US. A number of states have been overspending and now face declining revenues. Will bankruptcies follow?

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Four Charts That Show Cantillon Effects

CantillonMonetary TheoryMoney SupplyPrices

Blog02/01/2024

Richard Cantillon, whom Austrians consider to be the real father of modern economics, noted that new money creation has uneven effects. Jonathan Newman demonstrates how those effects take place.

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