Mises Wire

Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.

Shannon O'Toole's memoir on working for the FDIC helps us understand why some have taken to calling federal employment "white collar welfare."

Private prisons are private in name only. They are merely adjuncts of the state, and the real problem is these prisons warehouse many people the state should not have put in prison in the first place.

Even if laws against slander and libel appear good in theory, in practice they are all too often used by the powerful to silence the weak. A respect for free speech demands defamation laws be kept very weak.

Those who are tasked with serving the public interest — but are protected by legal immunity — are well positioned to serve whatever interests they choose.

Brexit is an opportunity to reset economic, monetary, and trade policies. The implications of getting rid of the EU millstone go far beyond the leaving date of 31 October. 

Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.