Mises Wire

Economic laws represent the real world. They are not ideologies or objects of worship. These laws are not the product of an ideological wish list but rather explain production and exchange.

Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.

The Biden administration’s immigration “policy” is not simply bad governance. It is insane governance.

The Biden administration is determined to do an end run around the courts and ram through yet another student loan forgiveness plan. It is not real “loan forgiveness” but just a massive wealth transfer from lower-income to higher-income groups.

People joke about doctors thinking of themselves as God, but over a century of government control of medical care, the distance between physicians and those they serve has become increasingly large.

With political turmoil creating anxiety in Great Britain, The Economist chose to describe the political situation as “anarchy.” In reality, this is political chaos, not anarchy, since anarchy is based upon social cooperation and peaceful resolution of conflicts.

It’s finally clear to everyone that President Biden is not running the federal government. Yet the government is carrying on as it always has. It’s important to understand why.

By separating the producer-consumer relationship that is applied to private goods and services, government regulations and "oversight" has transformed higher education for the worst. It's time to restore that proper relationship.

Human action is not a figment of our imaginations, nor is it a social construct. Praxeology describes real and purposeful actions by people who act on what they know or what they believe to be true.

In this review of The Birth of the Transfer Society, by economists Terry Anderson and Peter Hill, Eduard Bucher looks at the origins of transfer policies in the US and how they developed into the monster they are today.