Mises Wire

The rhetorical framing of "climate change" is far removed from the underlying research. And the real-world costs of "doing something" are rarely considered.

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.

John Locke was ridiculed for suggesting that people "consent" to their government by not emigrating. Hume suggested this theory could be used to claim consent for even the most outrageous tyrants.

Victories against the drug war have all come first at the local level, and only then does the national government slowly back off its drive to dictate to Americans what they can eat or smoke.

Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.

Brazilian authorities here are discontented with our rising skepticism of the state — and they are willing to silence the dissidents.

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.

Fewer than half the homicides in the US end with a conviction in court. The rate for other violent crimes is even worse. Meanwhile, 80 percent of arrests are for petty offenses.

Tory MPs vying for the Prime Ministership mostly all vote alike on taxes and foreign policy. So only the issue of Brexit separates the bad from the very bad candidates.

Progressives like John Kenneth Galbraith no longer heap praise on China, given that it long ago abandoned Mao’s austere communism. Instead, modern progressive economists like Joe Stiglitz save their acclaim for the economies of places like Cuba and Venezuela.