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Ryan McMaken

Ryan McMaken

Ryan W. McMaken is the editor of Mises Daily and The Austrian. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014.

Articles by Ryan McMaken

Money-Supply Growth Falls to 8-Month Low as Mortgage Rates Rise

6 hours ago

Money supply growth slowed in October, falling to the lowest rate recorded since February of this year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated very little since March. In October, year-over-year growth in the money supply was at 3.7percent. That was down from September’s growth …

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Why Politicians Love Deals like the Amazon Deals

3 days ago

Amazon isn’t the first big corporation to manipulate policymakers by shopping around the idea of relocating its headquarter to the “right” city. The “right” city, of course, is the one that provides the company with enough tax breaks and other political favors so as to make the move worth it. Back in 2001, for example, …

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A White House Press Pass Has Nothing to do with the First Amendment

3 days ago

A federal judge today ruled the White House must temporarily re-instate the press pass of CNN reporter Jim Acosta’s, who had been barred after an argument with Donald Trump in the press room. The judge ruled the White House had violated due process by banning Acosta. CNN, however, had requested a ruling saying that Acosta …

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3 Ways Bernie-Care Makes Canadian Healthcare Look Good in Comparison

10 days ago

Canadian healthcare has become something of a byword for the “ideal” in healthcare among certain activists in the United States. Bernie Sanders, for example, has relentlessly pressed for a Canada-style healthcare system, and many left-of-center Americans advocate for the same. Not surprisingly, though, few details of how the Canadian “single-payer” system works are ever discussed …

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No Matter How You Vote, Politicians Don’t Represent You

11 days ago

We’re often told that submission to government edicts is “voluntary” because we have “representative” government. The evidence suggests, however, that politicians don’t represent their constituents. Nor could they, even if they wanted to. Original article: “No Matter How You Vote, Politicians Don’t Represent You”.

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Half of Health Spending in the US Is Now Government Spending

11 days ago

US states continue to expand Medicaid, and it’s happening even in so-called “red states.” CNBC, for instance, reports how voters in “red states” Utah, Nebraska and Idaho all approved ballot issues to expand Medicaid under new Obamacare provisions. Meanwhile, the voters in these states also handed control of state government to Republican governors and legislators. …

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No, Voting Doesn’t Mean You “Support the System”

14 days ago

I admit it. I voted In my home state of Colorado, all voting is by mailed paper ballots. That means, if you’re a registered voter, the county clerk sends you a ballot every election. And then — at least in my case — it sits there on a table near my desk. One is supposed …

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No Matter How You Vote, The New Congress Won’t Represent You

16 days ago

One of the most foundational assumptions behind modern democracy is that the elected officials somehow represent the interests of those who elected them. Advocates for the political status quo flog this position repeatedly, claiming that taxation and the regulatory state are all morally legitimate because the voters are “represented.” Even conservatives, who often claim to …

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Why Bad Economics Makes Such Good Politics

17 days ago

As the election nears, politicians will more and more frantically point out what wonderful favors they’ve done for the voters — or what favors they will do for the voters, if elected. Of course, they never mean all the voters. They mean groups or individuals within the voting population who believe they benefit from laws, …

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Get Rid of Campaign Finance Laws — Decentralize to Make Campaigns Cheaper

18 days ago

Candidates in this year’s elections are raising record amounts of money for their campaigns. Democrats are out-raising Republicans, but on both sides, the numbers are huge. According to Reuters: Senate candidates — who have six years to raise funds due to their longer terms — have raised more than $950 million, surpassing the $844 million …

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Ryan McMaken: Capitalism Makes Us More Humane

24 days ago

This week, we feature a recent episode of Ryan McMaken’s Radio Rothbard podcast. We continue to hear about how capitalism and industrialization distract us from the important things in life. In reality, the historical record shows that it was industrialization and capitalism that propagated the conditions under which we can afford to treat each other …

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Forced Sterilizations in Peru

25 days ago

In countries under heavy US influence or occupation, the US government has a habit of pushing political programs that would be too unpopular to implement in the United States.
In Japan, for example, the US occupation after World War II offered an opportunity for American bureaucrats to push abortion policies they couldn’t win support for in the United States.
As part of a larger agenda of pushing a Japan-style New Deal and other US-styled interventionist policies, the US occupiers were more than happy to help the new Japanese regime impose a eugenics-friendly program designed to combat alleged overpopulation. According to Holly Coutts:
The centralized government in Japan, coupled with a political culture infused with socialist

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Forced Sterilizations in Peru — Paid for by US Taxpayers

25 days ago

In countries under heavy US influence or occupation, the US government has a habit of pushing political programs that would be too unpopular to implement in the United States. In Japan, for example, the US occupation after World War II offered an opportunity for American bureaucrats to push abortion policies they couldn’t win support for …

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More than Half of America Gets More in Welfare than it Pays in Taxes

26 days ago

More than half of Americans receive more money in various types of government transfer payments (Medicare, Medicaid, food stamps, Social Security) than they pay in federal taxes.1
According to a report released this year by the Congressional Budget Office, only the top two income quintiles in the United States pay more in taxes than they receive in government transfers.
Not surprisingly, the lowest income quintiles receive far more in transfers than they pay in taxes:
 
In the lowest quintile, households pay only $400 in taxes (as of 2014, the most recent data available) while receiving more than $16,000 in various types of tax-funded transfer payments.
The end result is households in the

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Socialized Medicine Won’t Solve America’s Obesity Problem

28 days ago

Last week, researchers at the the University of Washington released a new study predicting that US life expectancy would fall further and further behind other countries over the next twenty years. Life expectancy will continue to increase, but at a slower rate than many other countries. Whether or not these predictions ever come true, depend …

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3 Reasons Why the Federal Government Should Handle Only Foreign Affairs

October 20, 2018

In an 1800 letter to Gideon Granger, Thomas Jefferson wrote: “The true theory of our constitution is surely the wisest and best, that the states are independent as to everything within themselves, and united as to everything respecting foreign nations. Let the general government be reduced to foreign concerns only…” In other words, the only …

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Capitalism Makes Us More Humane

October 19, 2018

Why is it that starving Venezuelans are eating dogs while Americans are rescuing dogs from hurricanes? Original article: Capitalism Makes Us More Humane.

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Global Warming: The UN’s Plan Ignores Real Costs of Implementation

October 18, 2018

Last week, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) released a sizable new report titled “Global Warming of 1.5°C.” The basic premise of the report is that if the governments of the world do what the UN tells them to do, then global temperature rise will be limited to 1.5°C. The report comes …

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It’s OK To Buy Your Pet a Halloween Costume (and Other Luxuries)

October 18, 2018

One of the more persistent myths about capitalism is that wealth and resources are “wasted” when spent on luxuries. But now this waste has reached a new level. Thanks to our abundant wealth in the developed world, we’re no longer just spending money on luxuries for ourselves. We’re “wasting” it on our pets too. For …

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Yes, Inequality Is a Problem — When Caused by the Government

October 13, 2018

When the topic of inequality comes up, some libertarians and conservatives tend to approach the issues as something that doesn’t matter at all. “I don’t care about inequality,” they say. “Inequality occurs naturally, and its just an obsession of leftists…if anything it’s a good thing.” Part of this appears to be a natural reaction to …

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Conflicting Government Data Shows the Importance of Sound Economic Theory

October 12, 2018

On Tuesday, I looked at some recent research suggesting that both wealth and incomes are declining — all while the Fed’s monetary policy has become ever more interventionist and regulatory. The conclusions involved were premised on some assertions about Fed policy. Fed regulatory changes now favor large Wall-Street-centered borrowers over smaller Main-Street-centered borrowers. This has …

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New Data Shows Federal Reserve Is Causing More Inequality

October 10, 2018

Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed’s policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren’t already high-income, and in recent research presented to the New York Fed, she concluded “Post-crisis monetary and regulatory policy had an …

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Good Ideas Are Key in the War Against Bad Ideas

October 6, 2018

Writing decades ago, Friedrich Hayek observed: “In all democratic countries … a strong belief prevails that the influence of the intellectuals on politics is negligible.” Hayek conceded this was true to “the extent to which they can sway the popular vote on questions on which they differ from the current views of the masses,” but …

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