Mises Daily Articles

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The "State of Nature" Is a State of Poverty

World HistoryHistory of the Austrian School of EconomicsInterventionismOther Schools of Thought

6 hours agoMises Daily Articles
There is a persistent myth that capitalism has destroyed what would have been a natural abundance and peace of mind. Yet nature does not generate abundance or peace. The characteristic mark of the "state of nature" is irreconcilable conflict.
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The Trouble With Socialist Anarchism

03/19/2019Mises Daily Articles
Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a "capitalist lackey" than anarchist thinker.
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The Birth of a Monster

The FedMoney and BanksMoney and Banking

02/16/2019Mises Daily Articles
As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.
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The Bureaucracy Problem

The EntrepreneurFree MarketsInterventionism

01/30/2019Mises Daily Articles
The price system performs the crucial function of transmitting knowledge throughout the society and thereby eliminates the need for bureaucracy.
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The Upside-Down World of MMT

Other Schools of Thought

01/23/2019Mises Daily Articles
Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics.
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The Fallacy of the "Public Sector"

Big GovernmentFree MarketsInterventionismOther Schools of Thought

01/19/2019Mises Daily Articles
The public sector's "productivity" is not measured by any meaningful measure, but only by how much the government spends.
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The Myth of Natural Monopoly

Free MarketsWorld HistoryMonopoly and Competition

01/14/2019Mises Daily Articles
'자연' 독점과 같은 것은 존재했던 적이 없다. 흔히 말하는 '공익 기업체들(public utilities)'은 현실에서 늘 잦은 경쟁에 직면했다. 그래서 이들 기업들은 경쟁을 차단하기 위하여 정부로부터 독점적 지위를 확보하여 그들의 독점력을 합리화하기 위한 신화들을 지어냈다. '자연독점'이 허구임을 2편(잘못된 논리, 사례)으로 나누어 싣는다
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The Myth of Natural Monopoly

Free MarketsWorld HistoryMonopoly and Competition

01/14/2019Mises Daily Articles
No such thing as a "natural" monopoly has ever existed. In real life, so-called "public utilities" faced frequent competition, so they secured government monopolies to destroy the competition and invented the myths to rationalize their monopoly power.
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The Politics of Political Economists

Free MarketsOther Schools of ThoughtPolitical Theory

01/10/2019Mises Daily Articles
El crecimiento de las estadísticas, a menudo desarrolladas originalmente para su propio beneficio, termina multiplicando las vías de intervención y planificación del gobierno.
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The Politics of Political Economists

Free MarketsOther Schools of ThoughtPolitical Theory

01/10/2019Mises Daily Articles
The growth of statistics, often developed originally for its own sake, ends by multiplying the avenues of government intervention and planning.
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