ABSTRACT: This essay develops a model to analyze jury independence. Jury independence can be seen as a game between elites and the citizens who make up the jury. This essay first presents a historical look at jury independence by looking at jury nullification. Then using
During the pandemic, governments have gained in power at the expense of society. The many laws voted and decrees announced have severely limited individual freedoms in many countries, despite the fact that from the beginning many doubts existed regarding the effectiveness, the relevance, and the
Despite an endless chain of monetary and fiscal stimuli, the eurozone consistently disappoints in growth and job creation. One of the reasons is demographics. No monetary and public spending stimulus can offset the impact on consumption and economic growth of an aging population, as Japan can also confirm. However,
Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. Original Article: "Is There Such a Thing as Good Inflation?" This Audio Mises Wire is generously sponsored by
A land bank is an entity created by the government that helps it to manage or dispose vacant properties, vacant lands and tax-foreclosed properties so that these vacant or abandoned properties can be developed or further put to a more productive use. As they are
Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a “united front” against China with traditional G7 allies and new ones such as Australia, India, South
An economist from Yale University, Dr. Robert Shiller, in his book – “Irrational Exuberance”, provides a lucid and engaging guide to the usually impervious world of Financial Markets. The book implores the readers to view the markets from a psychological standpoint in addition to the
As the epochal struggle for Massachusetts began, it was clear that the majority of the people of the state opposed the Constitution. Furthermore, in contrast to Pennsylvania where the Federalists had the important advantage of recently acquired control of the state government, the story in
The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice. Original Article: "Why Biden Wants a Cap on State and Local Tax Deductions" This Audio
The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong. Original Article: "Experts Said Ending Lockdowns Would Be Worse for the Economy than the Lockdowns Themselves. They