Mises Daily Articles

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Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority

PhilosophyPoliticsPolitical Theory

03/23/2023Mises Media
Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.
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Reparations Are a Statist Cudgel for Bludgeoning Property Owners

Bureaucracy and RegulationPoliticsU.S. History

03/23/2023Mises Media
San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.
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Silicon Valley Bank and the Failure of Fractional Reserve Banking

Booms and BustsMoney and BanksU.S. EconomyMoney and Banking

03/23/2023Mises Media
The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system.
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The Fear of Mass Unemployment Due to Artificial Intelligence and Robotics Is Unfounded

CapitalismU.S. Economy

03/23/2023Mises Media
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.
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Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again

The FedMoney and BanksU.S. Economy

03/22/2023Mises Media
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street.
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The Theory and Practice of Conspiracy

Cronyism and CorporatismPoliticsWorld History

03/22/2023Mises Media
Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state.
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A Bank Crisis Was Predictable. Was the Fed Lying or Blind?

Economic FreedomThe FedFinancial MarketsInterventionism

03/21/2023Mises Media
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.
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Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Money and BanksU.S. Economy

03/21/2023Mises Media
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook.
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Government Is as Government Does

Big GovernmentBureaucracy and RegulationCronyism and CorporatismDecentralization and SecessionSocialismTaxes and Spending

03/20/2023Mises Media
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.
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The Phillips Curve Is an Economic Fable

InflationMonetary TheoryPraxeology

03/20/2023Mises Media
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
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