Mises Wire

The Problem with Cutting Taxes without Reducing Spending

Money and BanksMoney and Banking

Blog02/15/2019

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

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Blue-State Migrants Probably Aren't Turning Your State Blue

U.S. History

Blog02/15/2019

Many states assumed to be "turning blue" actually get more migrants from red states than from blue states. It's also a bad idea to assume that everyone who moves from Illinois agrees with the median voter from Chicago.

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Venezuela: Poster Child for Socialism

Financial MarketsGlobal EconomySocialism

Blog02/15/2019

Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.

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The Ethics of Capitalism

From the ArchivesLegal SystemPhilosophy and Methodology

Blog02/14/2019

There is no justification for any lawful entrepreneur to feel any sense of guilt in appropriating the results of his or her creative activity.

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The Folly of Minimum Wage Laws

Blog02/14/2019

Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.

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Americans Continue to Flee to Low-Tax States

Blog02/14/2019

Last year, on net, nearly 138,000 more people left California than moved into it from elsewhere in the US.

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The UK Government’s "Secret Plan" to Slash Taxes After a No-Deal Brexit

Blog02/14/2019

UK politicians are now at war as some push to make Brexit a catalyst for pro-market reforms such as slashing taxes. Others, however, want to double down on the worst the EU bureaucracy has to offer.

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Capitalism Doesn't Cause Consumerism — Governments Do

InterventionismPolitical Theory

02/14/2019Audio/Video
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.
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