The Economics and Ethics of Government Default, Part I

Introduction The problem of government deficit spending and the resulting public debt is a challenge to most modern economies. A few states, such as Germany, with a reputation for fiscal austerity, operated with budget surpluses and declining debt, but that was before the coronavirus gave governments everywhere an excuse to […]

Almost a Year Later, There’s Still No Evidence Showing Governments Can Control the Spread of Covid-19

As we approach the one-year anniversary of fifteen days to flatten the curve, we have yet to acquire any data suggesting that the past year of life-destroying lockdowns and politicized behavioral mandates has done anything to keep us safe from covid-19. While discussions surrounding the reintroduction of nationwide lockdowns seem […]

No, Drops in Money Velocity Don’t Offset Money Printing

At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7 percent, against 4.8 percent in January 2020. It is tempting to suggest that this massive increase in the growth rate of money supply is likely to result in massive price […]

Deregulate the Policing Market

By: Malachy McDermott Priti Patel (the UK secretary of state, akin to the US’s attorney general but with a much wider purview) has been recently considering new laws to tackle a spate of dog thefts across the country. The crime wave has been spurred by lockdown measures, with many people desiring “covid pets.” […]

China Needs More Economic Freedom—Not a Bigger Welfare State

Mainstream economists claim China needs more consumption and a bigger welfare state. They think China’s high savings rate is a bad thing. These economists are wrong.  Original Article: “China Needs More Economic Freedom—Not a Bigger Welfare State” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael […]

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. Original Article: “The High Cost of Using the Minimum Wage as a […]

India’s Farming Reform: A Lesson in Interest Group Politics

India’s farmers have been demonstrating in response to the government’s decision to liberalize the agricultural sector. Though economists note that these measures will boost the incomes of farmers, it is unsurprising that the protests have received immense support. Unlike corporate titans, the heavily subsidized farmers of Punjab can weaponize sympathy […]

The Drive for State and Federal Protective Tariffs in Early America

[Chapter 3 of Rothbard’s newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] 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 1784–1785 was no exception. If excess imports were […]

Encuesta revela que el 50% de Republicanos sureños ahora apoya la secesión

By: Tho Bishop Desde hace varios años, el debate sobre la secesión es cada vez más frecuente. Una nueva encuesta pone de relieve las opiniones regionales y partidistas sobre el tema. Bright Line Watch preguntó a los estadounidenses si apoyarían que su estado se separara de los Estados Unidos y […]

“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. We saw this at work during the run-up to […]

The Idea of Secession Isn’t Going Away

Secession is a four-letter word for the millions of Americans who have gone through the conventional educational pipeline that teaches them that the American state is indivisible and sacrosanct. However, intellectually honest historians whose minds haven’t been warped by educational institutions know better than to dismiss secessionism as some nefarious activity […]

The Problem with the “Robber Baron” Narrative

We’re now hearing many calls for more antitrust legislation applied to Big Tech because these firms are allegedly monopolies. But old-fashioned antitrust was a disaster, as will be new efforts against tech companies. Original Article: “The Problem with the “Robber Baron” Narrative” This Audio Mises Wire is generously sponsored by […]

Want More Entrepreneurship? Embrace Long-Term Legal Stability.

Continuous change in the regulatory framework in which market players do business is a feature of modernity: while the perimeter of the state’s intrusiveness gets larger, rules expand and change constantly. On the other hand, every investment calls for a certain amount of calculation,1 given that business as a human activity […]

The Great Paper-Money Experiment

[Excerpted from book 7, Money and Man.] The name of that ardent Scotsman, John Law, is short. His career was likewise short: he was comptroller general of France for less than five months in the year 1720. The space of time during which he bestrode the financial world of Europe […]

The Biggest Lies of the Impeachment Saga | James Bovard

The Senate impeachment trial of former president Donald Trump confirms historian Henry Adams’s adage a century ago that politics “has always been the systematic organization of hatreds.” The impeachment process was a farce that should fortify Americans’ disdain for Washington. Considering how Democrats are using the January 6 clash at the […]

Poll Finds 50% of Southern Republicans Now Support Secession | Tho Bishop

Listen to the Audio Mises Wire version of this article. Dallas Mavericks owner Mark Cuban is under fire for neglecting to play the national anthem (i.e., “The Star-Spangled Banner”) at his team’s home games. According to NBC News:  The anthem has not been played at any of the 13 preseason and regular season games played so far […]

Prohibition’s Repeal: What Made FDR Popular

For seventy-plus years, the case of Franklin Delano Roosevelt has vexed people of a libertarian bent. His policies, extending war socialism based on Mussolini’s economic structure, expanded the American state to an unthinkable extent and prolonged the Great Depression through the horrific World War II. Normalcy did not return until […]

The Problem with the “Robber Barron” Narrative

The purge of conservative and libertarian voices on social media was, as Ron Paul put it, “shocking and chilling, particularly to those of us who value free expression and the free exchange of ideas.” People from the conservative side of the aisle, but also others, have called for solutions like antitrust […]

Pennsylvanians May Amend Constitution to Stop Endless Lockdowns

Not only will these amendments reduce the abuse of emergency declarations, but they will also help to decentralize power within Pennsylvania. While COVID-19 has allowed the executive branch to run wild, Pennsylvania is actually structured in a way that makes the decentralization of power easier. Original Article: “Pennsylvanians May Amend Constitution […]

Development Issues in Production, Innovation, and Inclusion

By: Harald Eustachius Tomintz The problem of “development” continues to be a topic that draws the attention of academics, and is also becoming more and more the concern of every person. This is especially seen when government policies, such as those made in relation to the spread of COVID-19, present […]