Mises Wire

Digital Cash: Another Dangerous New Idea in Monetary Policy

The FedMoney and BanksMoney and Banking

"Digital cash" is the latest terrible idea from those who want to give central banks more power to meddle in the economy.

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Even An-Caps Sometimes Give the State Too Much Credit

Political Theory

05/30/2019Audio/Video
Bob Murphy points out a common fallacy among even self-described anarcho-capitalists, when they blame a social problem on "too little government."
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Will China Reverse Its Trade Surplus with the United States?

Global EconomyProtectionism and Free Trade

Blog05/30/2019

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

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Republics in History

World HistoryOther Schools of ThoughtPolitical Theory

05/29/2019Mises Daily Articles
The great boon of human freedom experienced in earlier decades has, in the long record of thousands of years, been enjoyed by a mere fraction of the people and for only a brief moment in history
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The EU, Not Brexit, Killed British Steel

Blog05/29/2019

EU regulations greatly increased costs for British Steel, and eventually doomed the company. And British Steel would have become insolvent even if the Brits had never voted for Brexit.

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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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The US Supreme Court Is Right to Rule In Favor of Tribal Sovereignty

Decentralization and SecessionU.S. History

Blog05/28/2019

In two recent cases, Neil Gorsuch joined the "liberal" wing of the Court to side with Indian tribes in enhancing tribal sovereignty. This is a good thing for limiting and decentralizing government power.

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The Risk of Trump's Trade War Is More Than Just Higher Prices

Booms and BustsGlobal EconomyProtectionism and Free Trade

Blog05/28/2019

It is the lethal combination of tariffs and the end of the expansionary phase of the credit cycle which should concern us.

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