The Economics and Ethics of Government Default, Part I
What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?
Mises Wire
Almost a Year Later, There’s Still No Evidence Showing Governments Can Control the Spread of Covid-19
The covid lockdowners still have no explanation for why California and Florida—with such different covid policies—have similar covid death rates. The White House's spokesman on the matter could only say it's "just a little beyond our explanation.”
“Weapons of Mass Destruction”: The Last Refuge of the Global Interventionist
The threat of “nuclear proliferation” remains one of the great catch-all reasons—the other being “humanitarian” intervention—given for why the US regime and its allies ought to be given unlimited power to invade foreign states and impose sanctions at any given time.
The Drive for State and Federal Protective Tariffs in Early America
Every depression generates a clamor among many groups for special privileges at the expense of the rest of society—and the American depression that struck in 1784–85 was no exception.
Want More Entrepreneurship? Embrace Long-Term Legal Stability.
Prudent economic calculation becomes more difficult as legal and regulatory regimes are subject to frequent changes and political upheaval.
The Idea of Secession Isn’t Going Away
Americans would be wise to not dismiss separatism just because their history textbooks said it's illegal, racist, or treasonous. Instead, they should recognize it as a tool that could save a lot of headaches and even lives.
The Omnipotent Power to Assassinate
How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state.
The Biggest Lies of the Impeachment Saga
The latest impeachment saga simply confirms Thomas Paine’s adage: “The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” Score another victory for the Swamp.
The High Cost of Using the Minimum Wage as a Form of Welfare
Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.
Why Biden and Krugman Are Wrong about the $15 Minimum Wage
Let's take a sober and even-handed look at what economics and empirical studies have to say about minimum wage hikes. Krugman and Biden claim there's no evidence these hikes affect employment. But they are being misleading.
