Mises Wire

Government's Counterproductive War Against Smoking

Bureaucracy and Regulation

Blog04/20/2019

The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.

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Greg Mankiw Loves the Federal Reserve--and the Labor Theory of Value

04/19/2019Power & Market

Economist Greg Mankiw confesses: I love the Federal Reserve. And I suspect that, in their heart of hearts, most other economists love the Federal Reserve, too.

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Getting Libertarianism Right

World HistoryPolitical Theory

Hoppe sees the fundamental difference between the worldviews of Left and Right: The Right accepts the reality of human differences but the Left does not.

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Good Statistics, and Bad

04/12/2019Power & Market

The data never speaks for itself.

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Government Pensions, Incentives, and Our Everlasting Welfare State

Taxes and Spending

Blog03/07/2019

It turns out that workforce participation drops off significantly once it becomes possible to live off a government pension instead. Thus, pension policies have placed an enormous burden on those who still have to work.

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Government Spending Isn't Always Inflationary

Money and BanksMoney and Banking

Blog02/23/2019

While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."

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Government Road Management: Is There a Better Way?

Blog02/19/2019

With roads, it is time to give private enterprise a chance.

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Government Spending Doesn't Create Economic Growth

Blog01/25/2019

Government spending doesn't create wealth. It destroys wealth.

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