Mises Wire

The Problem with Mandatory "Socially Responsible Investing"

Financial MarketsFree MarketsTaxes and Spending

Blog12/23/2020

There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least. 

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Pelosi's "Mandate": What "Consent of the Governed" Really Means

Democracy

Blog12/22/2020

What does "the consent of the governed" mean? In 2020, 53 percent of US residents either voted for someone other than Trump or Biden, or didn’t vote at all. It also means about 75 percent of the population did not vote for Biden. 

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Rich Millennials Plot the End of Civilization

CapitalismMedia and Culture

Blog12/22/2020

Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him. 

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Why the Marketplace Is Not a Zero-Sum Game

CapitalismMedia and Culture

Blog12/22/2020

Market progress through entrepreneurship and innovation means increased production. In a world of scarcity, that benefits all of us in society. That makes it a positive-sum game.

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Mises Explains the Santa Claus Principle

Taxes and SpendingInterventionism

Blog12/21/2020

An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever.

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The American Revolution Was a Culture War

Media and CultureU.S. History

Blog12/21/2020

The Boston Tea Party was an opening act in what came to be a violent culture war and war of national liberation. And it helps us understand how America in 2020 could become as bitterly divided as America during the revolution. 

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New Perspectives on the Evils of War

Book ReviewsWar and Foreign Policy

Blog12/21/2020

MacMillan's book provides many insights into the true vileness of war, although she strays into some dangerous areas when she accepts the faulty economic notion that wars bring economic benefits through government spending. 

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Red and Blue States: It's Time for a Multistate Solution

Decentralization and SecessionDemocracyMajority Rule

Blog12/21/2020

Joe Biden says: "I will work as hard for those who didn't vote for me as those who did." Does anyone actually believe that?

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