Mises Wire

The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible."

Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.

Philosopher William MacAskill of Oxford University is calling for "Effective Altruism" as a way to deal with long-term future issues. Reviewer David Gordon finds flaws in MacAskill's moral calculations.

Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.

Public health agencies tend to be treated like authoritative sacred cows. In reality, they have politicized health policies to the point where they really are a health hazard.

While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.

There is trouble around the globe. But there is tremendous cause for optimism. Things can change very quickly. Help the Mises Institute hurry things along.

Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.

Prices are an intersection of human expectations, actions, hopes and fears. I like to ask audiences, “How much can the price of an asset change?” My proposed answer: “More than you think.”