Mises Daily Articles

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Your Government-Approved Diet May Kill You

HealthPhilosophy and Methodology

05/22/2015Mises Daily Articles
Billions of tax dollars have been spent on scientific studies and public programs designed to tell Americans what to eat and how to be healthy. The experiment has failed, and we have nothing to show for it.

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Railway Socialism and Safety

Taxes and SpendingMonopoly and Competition

05/21/2015Mises Daily Articles
In the wake of the Amtrak railway disaster, we’re likely to hear that the solution to the problem is more tax funding and regulation. Few will suggest privatizing the railways. But the historical record suggests that privatization does indeed make for safer railroads...

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How Government Inaction Ended the Depression of 1921

The FedMoney and BanksTaxes and Spending

05/20/2015Mises Daily Articles
Everyone knows about the Great Depression which brought massive government intervention and lasted a decade. But few know of the Depression of 1920–21 which was ignored by government and lasted eighteen months...

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Government Regulation and Economic Stagnation

Big GovernmentGlobal EconomyInterventionism

05/19/2015Mises Daily Articles
Many economists have many theories about why economic growth in many advanced economies is stagnating. Some seem to think it’s irreversible, but a good look at creeping government regulation might offer a few hints as to the true cause...

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British Election Strikes Another Blow Against EU

Global EconomyTaxes and SpendingWar and Foreign Policy

05/16/2015Mises Daily Articles
David Cameron’s razor-thin win in the UK elections means he’s had to promise a new referendum on EU membership. If the UK were to leave the EU, it may trigger Scottish secession and a major shift in the EU balance of power...

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How GDP Metrics Distort Our View of the Economy

Calculation and KnowledgeInterventionismPhilosophy and Methodology

05/15/2015Mises Daily Articles
It is now commonplace for governments to measure economic prosperity with GDP metrics. Numerous arbitrary rules and faulty assumptions behind these measures, however, skew our view of how economies grow and living standards improve.

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Connecticut's Novel Way to Kill Jobs and Tax Employers

Taxes and SpendingInterventionism

05/14/2015Mises Daily Articles
Some now blame employers that don’t pay a “living wage” for the fact that so many people receive welfare payments. So, the politicians want to tax employers for every minimum wage employee they hire. Needless to say, this won’t solve the problem...

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The Problem with Government Prosecutors

Big GovernmentLegal System

05/13/2015Mises Daily Articles
The rise of government prosecutors in the US and Britain since the nineteenth century has led to many new forms of prosecutorial abuse and expansive government power. The older tradition of privately-initiated prosecution and restitution may offer a way out.

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Is the Keynesian Multiplier a Real Thing?

Booms and BustsTaxes and Spending

05/12/2015Mises Daily Articles
The Keynesian multiplier would have us believe that economic growth can come from an increase in demand and spending. But if we look more closely, we find there is never a shortage of demand, and what an economy really needs to expand is more saving.

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Extorting Low-Income Individuals to Help "the Poor"

Big GovernmentTaxes and SpendingInterventionism

05/11/2015Mises Daily Articles
Many poverty relief laws and policies are premised on the assumption that only "the rich" will bear the costs. In fact, the incomes and well-being of many low-income individuals are taxed and diminished to benefit a nebulous group known as "the poor."...

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