Mises Wire

What Greece (and All of Europe) Should Do Next

BlogJuly 6, 2015
My advice for Greece and all of Europe in the wake of the Greek "no" vote.

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Piketty Interview Inadvertently Shows How Centralization Fails Europe

BlogJuly 6, 2015

European integration supposedly represented the end of nationalist tensions—and the dawn of a new era for a continent still deeply shaped by two wars. The Eurozone supposedly bolstered economic power and prosperity, harnessing the trading power of several nations into one competitive superstate...

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The Black Hole of Defense Spending

BlogJuly 6, 2015

The only thing defense spending actually defends are the profits of defense contractors.

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A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe

BlogJuly 6, 2015
Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse.

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Rothbard: The Free-Market and Anti-Government Roots of the American Revolution

BlogJuly 3, 2015
Historians have long debated the precise causes of the American Revolution: Were they constitutional, economic, political, or ideological?

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Fannie Mae and Freddie Mac CEOs Get Huge Pay Raises

BlogJuly 2, 2015
Back when I was an economist for the State of Colorado, I sat on a panel/task force in 2006 in which some of the left-ish members suggested a new tax on Fannie and Freddie to pay for subsidized housing. The Fannie and Freddie reps were indignant.

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The Pentagon's Latest War Plane Is Terrible at War — But That's Fine With Congress

BlogJuly 1, 2015
The latest black eye for the mega-expensive F-35 warplane is a recent report noting the mediocrity of the plane in air combat situations.

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Puerto Rico: America's Greece?

BlogJuly 1, 2015
Puerto Rico owes $70 billion to various creditors, including American hedge funds and other funds. Puerto Rican debt has been downgraded to junk status. Whether or not Puerto Rico is America's Greece is rather debatable.

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Happy Bithday Lew!

BlogJuly 1, 2015

Today is the birthday of Lew Rockwell, the founder of the Mises Institute and a major figure in the Ron Paul movement.

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Church Organizations and the Tax-Exemption-Is-a-Subsidy Mistake

BlogJune 30, 2015

The position that a tax exemption is a subsidy has always been wrong. In no way is a person being subsidized when the state simply refrains from seizing a portion of that person's private property. The idea that it is a subsidy relies on the assumption that all wealth is the government's...

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