Mises Wire

Don't Thank Government Officials for Progress in Sanitation and Life Expectancy

World History

Blog12/09/2019

Government officials have often stood in the way of scientific progress.

Read More

Democracy Is Coercive, No Matter What "Civic Republicans" Say

Blog12/06/2019

For an advocate of civil republicanism, you could be drafted into the army, or taxed at very high rates, and that's fine because you participated in a process (democracy) in which you helped pick your own rulers. This view of freedom has a few problems.

Read More

Don't Want a Liquidity Trap? More Saving Is the Answer

Blog11/19/2019

The fact that central bank policies become ineffective in reviving the economy is not due to the liquidity trap, but because of the decline in the pool of real savings. This decline emerges due to loose monetary and fiscal policies.

Read More

Don't Trust the Government with Breathalyzers and other Forensic Evidence

Legal System

Blog11/16/2019

Government police, analysts, and lab workers have been repeatedly shown using faulty technology, forging documents, and falsifying lab results to arrest, prosecute, and convict innocent citizens.

Read More

Defining Poverty

Blog11/15/2019

One of the great problems involved in setting a standard of poverty is the ever-changing concept of "adequate" nutrition. Recently a nutrition survey concluded that "only one person in a thousand escapes malnutrition!"

Read More

Does Milton Friedman's "Plucking Model" Refute Austrian Business Cycle Theory?

Blog11/06/2019

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

Read More

Do IP Laws Promote Innovation? Empirical Evidence Suggests the Opposite.

Bureaucracy and Regulation

Blog11/01/2019

Proponents claim intellectual property laws are necessary to promote scientific and artistic innovation. Empirical evidence suggests the opposite is true. 

Read More

Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

Read More
Shield icon wire