Mises Wire

Guardians of the Warfare State

U.S. HistoryWar and Foreign PolicyPolitical Theory

05/10/2019Mises Daily Articles
The Secretary of Defense acts as an indispensable liaison between parties, business, and the state. The job is guarded by a special class of loyalists, usually extremely bright individuals chosen by the state's elites.
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With New Tariffs, Trump Hikes Taxes on American Small Business Owners — Again

Blog05/10/2019

Tariffs are just a tax increase on business owners who must now lay off workers or take pay cuts to deal with a government-imposed rise in the cost of doing business.

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US Will Increase Pressure on Hong Kong In An Attempt to Cripple China's Growing Tech Influence

Global Economy

Blog05/10/2019

Huawei’s 5G global ambitions, coupled with the global trade effort known as the "Belt and Road Initiative" means the US government is motivated to undermine Hong Kong's monetary stability.

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How College Profs Push Students to Socialism

EducationPhilosophy and Methodology

Blog05/10/2019

The true aim of these “scholar activists,” as many academics have begun calling themselves, is to propagate socialism by redefining capitalism to encompass every evil of human history. Which means they're mostly attacking straw men.

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Bernie and Ocasio-Cortez Declare War on the Poor With Anti-Credit-Card Law

05/09/2019Power & Market

By slapping new regulations on high-interest credit cards, Bernie and Ocasio-Cortez will just prevent high-risk borrowers from getting loans.

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Review: The Problem of Production: A New Theory of the Firm

Production Theory

05/09/2019Quarterly Journal of Austrian Economics
Per Bylund's new book makes a compelling Austrian argument that firms precede markets, and creates what reviewer Mateusz Machaj calls "an unlocking theory of the firm."
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Carl Menger on Currency Durability: A Lesson on Cryptos?

Money and BanksMoney and Banking

Blog05/09/2019

Assessing cryptocurrencies through a framework of "saleableness" may help us understand why some cryptocurrencies are chosen for speculation above others.

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As Fed Founders, Get Ready for More Radical Monetary Policy

05/09/2019Power & Market

The Fed has basically given up on "normalization" which means central bankers and their friends are working on even more radical policy options for the next crisis.

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