Mises Wire

Central Banks’ Crusade Against Risk

Blog05/15/2019

Central banks are absolutely committed to low rates because higher interest rates would turn the boom into bust, and would collapse our production and employment structure now based on a system of ultra-low rates.

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The Fallacy of Identity Economics

05/15/2019Power & Market

The economist Alex Tabarrok recently criticized "identity economics" in a manner reminiscent of Murray Rothbard's criticism of Keynes.

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Hazlitt Predicted Economics in Two Lessons

Book ReviewsTaxes and SpendingOther Schools of Thought

Blog05/15/2019

In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."

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In the US, Rich States Spend Less on Welfare

Taxes and Spending

Blog05/14/2019

The key to a high quality of life is a free economy devoted to trade and entrepreneurship. Contrary to what we're told about Europe's welfare states, more government social spending doesn't cause economic prosperity.

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The Problem with Aggregate "Calculations" of the Value of Immigration

ImmigrationCalculation and Knowledge

Blog05/14/2019

It's impossible to calculate the cost and benefit immigration without considering psychic profit and loss. And the government definitely is in no position to make any calculations at all.

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Per Bylund on Subjective Value

The EntrepreneurEntrepreneurship

05/14/2019Audio/Video
If you truly understand subjective value, you’ll be a great entrepreneur. Hunter Hastings interviews Per Bylund.
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Social Security's Winners and Losers

Taxes and Spending

Blog05/14/2019

If Social Security was efficient, equitable, reliable and sustainable, defending the status quo might be sensible. But it is none of those things.

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