for high job performance. Because of the unique position of the government in the market, companies cannot compete for the jobs of federal screeners, airports cannot failures never lack attention, but success is largely ignored. There was a failure on 9/11 — whether the government failed in its intelligence or immigration
or budget; on the contrary, he would view an increase in local crime as a personal failure. He is apt to downplay, rather than exaggerate, the importance of his job. no shopping around, there is no customer service, and there is no choice. Without market competition, market price signals, and market discipline, government has no
and lax gun laws, respectively, have relatively low rates of gun violence. The failure to adequately dissect data on gun-related deaths has created a storm of put a dent in black homicide rates. Criminals procure guns from the black market, corrupt dealers, and fellow criminals. According to the Department of
be the same. But the fact of the matter is that the Drug War has been an abject failure on every count, especially in regards to whether it’s achieved its explicit The Rise of Synthetic Marijuana In addition to the well documented cases of such failures, there’s a disturbing new trend that has been emerging over the last decade entirely — and this still before the daunting task of stomping out the black market even commences. Taken in addition with the appearance of other new street
believe that individuals should be punished for something simply because the failure to do so would cause an increase in the behavior for which they are punished? because his drug use sets a bad example to children, or helps to maintain a market in drugs associated with violent crime, is it not failing to treat the drug
of the state and that today economic science is in a position to explain why this failure was inevitable. The next step is to focus on the dynamic theory of the processes of social cooperation that give rise to the spontaneous order of the market. This theory can be expanded and transformed into a full-fledged analysis of
official Richard Clarke, some thought is being put into the government failures behind the attacks. “Your government failed you,” he says. Precisely, and in or anyone else at these hearings is willing to say. Here is the problem. The core failure goes way beyond anything the current government managers—however inept, How do corporations deal with the problem of information overload? They rely on market signaling and the decentralized planning of millions of private individuals to
explanation could simply follow the money trail. Even though D.A.R.E. has been a failure at persuading kids to steer away from drugs, it has been a marketing cash cow—filling its coffers with hundreds of millions of dollars in annual embracing a youth drug education program that really works. After 20 years of failure, isn’t it about time someone dares to tell the truth?
you can’t make the economy perform in a way that serves the people unless you let market forces work. Not just the Soviets had to learn this. Authoritarian regimes many others have shown, it was not the storm as such that did the damage, but the failure of the government levees. Combined with the levees-only river management
about the alleged benefits of government expenditures as they do not follow the market principle of being voluntary exchanges that satisfy genuine consumer needs. infrastructure and a poorly educated and unhealthy population. His economic failure is a perfect illustration of what Ludwig von Mises called the impossibility
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.