Mises Daily

A Capitalist Christmas

Mises DailyDecember 25, 2014
Christmas is the most pro-capitalist of all holidays because its wordly joys are based on private property, voluntary exchange, and mutual benefit. It's also one of the least political of all major holidays...

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Correcting Scrooge’s Economics

Mises DailyDecember 24, 2014
Ebenezer Scrooge is guilty of no crime, but he is a bad economist. This is demonstrated by Scrooge's ignorance about the subjective nature of value, and by his insistence that he is being robbed by his clerk who negotiates a day off...

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Private Volunteers Step In Where Police Are AWOL

Mises DailyDecember 23, 2014
Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in. And yet the state continues to claim that its employed enforcers are a thin blue line between order and chaos.

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The WHO’s Bias Against Free-Market Healthcare

Mises DailyDecember 22, 2014
Many advocates for socialized medicine point to the World Health Organization's claim that US healthcare ranks below dozens of other countries. But these rankings are biased in favor of cheap health care over quality health care...

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A Conversation with Mises University Alumnus Ray Walter

Mises DailyDecember 20, 2014
Mises University Alumnus Ray Walter, now a PhD student in physics and mathematics at the University of Arkansas, discusses his work with the Mises Institute and how it has influenced his academic career.

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The Social Function of Economic Inequality

Mises DailyDecember 19, 2014
The rich make new resource-intensive products economically feasible. Those wealthy early-adopters of new products act as mannequins on which new products are draped, increasing demand as producers attempt to bring those products to the mass market.

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All I Want for Christmas is a (Real) Government Shutdown

Mises DailyDecember 18, 2014
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown.

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The American Revolution Was Not a Party

Mises DailyDecember 18, 2014
Some are now debating over whether or not the Ferguson riots are in the tradition of the Boston Tea Party. While the Tea Party itself may seem relatively innocent, the violence of the revolution itself was not nearly so innocent.

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The War on Drugs Was Born 100 Years Ago

Mises DailyDecember 17, 2014
The Harrison Narcotics Act of 1914, a bill with racist origins designed to increase the tax burden on non-whites in the United States, was passed 100 years ago today. It has since given birth to an immense police state apparatus.

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Should Economics Emulate Natural Sciences?

Mises DailyDecember 16, 2014
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

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