The War on Drugs Is Not Like The War on Poverty
The poverty rate is not declining, and people continue to buy and sell drugs.
Big Government
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How Government Uses “Efficiency” as an Excuse to Steal
Only individuals can determine what is efficient for themselves, writes Gary Galles. This audio Mises Daily is narrated by Robert Hale.
Hollywood and the State: A Longtime Partnership
Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.
Review of Making Sense of Social Security Reform, by Daniel Shaviro; Is Social Security Broke? by Barbara R. Bergmann; Administrative Aspects of Investment-Based Social Security Reform, edited by John B. Shoven
The cognoscenti behind the Bush (Campaign 2000) proposal call their plan “privatization.” Privatization, as typically understood by economists, means the transfer of capital ownership and resource allocation
Review of Against Leviathan: Government Power and a Free Society, by Robert Higgs
Against Leviathan would be an excellent companion reader for any economics class that deals with policy, and especially a class on regulation and the relationship between government and business.
The Political Economy of the New Deal, by Jim F. Couch and William F. Shughart II
Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book.
Review of The Bias Against Guns: Why Almost Everything You’ve Heard About Gun Control is Wrong, by John R. Lott, Jr.
The Bias Against Guns is overall a less technical book than More Guns, Less Crime, but in its later chapters, quite a few portions are still way over the heads of most laypersons.
The Commanding Heights: The Battle between Government and the Marketplace That Is Remaking the Modern World, by Daniel Yergin and Joseph Stanislaw
Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.
Review of Power and Prosperity by Mancur Olson
I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time.
The Economic Theory of Bureaucracy: Insights from the Niskanian Model and the Misesian Approach
Governmental interventions in the economy take numerous forms, and they require the existence of a public authority, a bureaucracy, to implement them.
