Mises Wire

Efficiency: Pentagon Big Bomb Killed Militants at $4,722 Each

War and Foreign Policy

Blog04/21/2017
Renowned surreal fiction writer Franz Kafka would have had trouble conceiving of a more absurd plot than last week's dropping of the MOAB bomb.

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What Is the "Correct" Growth Rate of the Money Supply?

Money and BanksMoney and Banking

Blog04/19/2017
Central banks have no way of knowing the "right" amount of money-supply growth. But, markets can work to suppress growth in un-backed paper currency.

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The Myth of the Constitution

Legal System

Blog04/06/2017
Claims about the Constitution's "limited" power sound reassuring — except to those who have read the Constitution or the cases decided under it.

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Why We Don't Need Macroeconomic Data in a Free Economy

U.S. EconomyPolitical Theory

Blog04/03/2017
In a free economy, entrepreneurs don't need economy-wide data to make good business decisions. Macro data really only serves the needs of government.

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Is the Demand for T-bills Driving Treasury Deposits at the Fed?

Money and Banking

03/30/2017FedWatch
Frank Shostak offers another explanation for the volatility we're seeing in Treasury deposits at the Fed.

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Mises on Nationalism, the Right of Self-Determination, and the Problem of Immigration

War and Foreign PolicyPolitical Theory

Blog03/28/2017
Mises did not see immigration in terms of pure economics, but assessed it from the viewpoint of a classical liberal regime of private property.

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How the Left Learned to Love States' Rights

Political Theory

Blog03/27/2017
Over the course of approximately six hours, the Left in the United States made a spectacular, 180 degree turn on federalism and states’ rights.

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How to Interpret the Shape of the Yield Curve

Blog03/27/2017
Central-bank meddling — and not "expectations" — may be the real driver behind changes in the shape of the yield curve.

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How the Government Ruined US Healthcare — and What Can Be Done

HealthPolitical Theory

Blog03/22/2017
The American healthcare system is a byzantine system of government imposed monopolies and subsidies. Now, some doctors are trying to get out.

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