Mises Wire

How Welfare States Make Us Less Civilized

Labor and WagesPovertyValue and Exchange

Blog08/17/2017
The market’s informal, spontaneous cooperation for mutual benefit has been replaced by a statist mindset.

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How Central Banking Increased Inequality

08/15/2017FedWatch
Focusing almost exclusively on consumer price inflation, economists have overlooked the redistributive effects of money creation through other channels.

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Harry Truman and the Atomic Bomb

War and Foreign PolicyWorld History

Blog08/09/2017
The destruction of Hiroshima and Nagasaki was a war crime worse than any that Japanese generals were executed for in Tokyo and Manila.

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How Government Invented Our Modern, Inefficient Prison System

Legal SystemU.S. HistoryWorld History

Blog08/07/2017
An efficient criminal justice system is based on the idea of restitution. The modern system of using prisons as punishment turns this idea on its head.

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How To Have Law Without Legislation

Legal SystemPhilosophy and Methodology

Blog08/07/2017
Decree that no violence may be initiated against another man, and all the loopholes for tyranny would be swept away.

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Here's the True Definition of a Recession — It's Not About GDP

Money and BanksMoney and Banking

Blog07/19/2017
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.

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How OPEC Became Irrelevant

The EntrepreneurGlobal Economy

Blog07/17/2017
Traditional oil-producing countries still fail to face the new reality.

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How to Look at Tariffs

Free MarketsProtectionism and Free Trade

Blog07/17/2017
The upshot is that protectionism is not only nonsense, but dangerous nonsense.

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Here's an Easy Way to Add Some Market Competition Back into Healthcare

HealthTaxes and Spending

Blog07/02/2017
The current healthcare system destroys price sensitivity for both consumers and producers. We need reforms that will force prices down.

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Hayek's Chicago Seminar on Justice and Equality

Political Theory

Blog06/26/2017
In 1950-51 Hayek presented a seminar at the University of Chicago entitled "Justice and Equality." The seminar was opened to faculty and students.

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