Can Tax Cuts Reduce Corruption in Ukraine?
Ukrainian president Volodymyr Zelensky recently announced a drastic tax cut. The program, entitled 10-10-10, is designed to lower taxes and encourage residents to pay them in the hopes of reducing the shadow economy. In Ukraine, the value-added tax (VAT) rate
The Secessionist French Classical Liberals: Molinari and Dunoyer
Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states. Original Article: "The Secessionist French Classical Liberals: Molinari and Dunoyer" This Audio
The Economy Is a Process Not a Factory
[Chapter 4 of Per Bylund's new book How to Think about the Economy: A Primer.] To help us understand what is going on in the economy, what is important is not the types and number of goods that sit on store shelves. It
Central Banks Claim to Preserve the Value of Money through Inflation
Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets. Original Article: "Central Banks Claim to Preserve the Value of Money through
No, Ordinary Russians Are Not Responsible for the Crimes of the Russian Regime
In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one. Original Article: "No, Ordinary Russians Are Not Responsible for
On Secession and Small States
[This article was adapted from a talk delivered at the 2022 Supporters Summit in Phoenix, Arizona.] The international system we live in today is a system composed of numerous states. There are, in fact more than 200 of them, most of
Inflation, High Inflation, Hyperinflation
The word “inflation” is heard and read everywhere these days. However, since different people sometimes have very different understandings of inflation, here is a definition: Inflation is the sustained rise in the prices of goods across the board. This definition conveys that inflation
The West Didn’t Become Rich Because of Slavery But in Spite of It
The blockbuster film The Woman King has resurrected the myth that slavery furnishes wealth. While irate critics argue that the film downplays the fact that the Dahomey Empire derived its wealth from slavery, however, this observation wrongly conflates political success
The Fed’s Real Mandate
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate
History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money. Original Article: "History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin" This Audio Mises Wire is generously sponsored