Mises Wire

Central Banks May be Enabling Unhealthy Corporate Buyouts

Rather than increase efficiency and profitability, corporate managers look for easy ways to increase their salaries through leveraged buyouts. And central banks have a key role in making this easier and more common.

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Misesian Insight: Cantillon Effects and Financialization

Financial MarketsMoney and Banking

A important factor in wealth redistribution has been the increased participation of both financial and non-financial firms in financial markets.

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Government's Counterproductive War Against Smoking

Bureaucracy and Regulation

Blog04/20/2019

The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.

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How Human Action and Human Values Determine Prices

SubjectivismValue and Exchange

Blog04/20/2019

Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being. 

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The Student Debt Conundrum

Education

Blog04/20/2019

Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.

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Greg Mankiw Loves the Federal Reserve--and the Labor Theory of Value

04/19/2019Power & Market

Economist Greg Mankiw confesses: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other economists love the Federal Reserve, too.

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Restitution in Theory and Practice

Free MarketsLegal SystemPhilosophy and Methodology

04/19/2019The Journal of Libertarian Studies
State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.
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