Mises Wire

Are We on the Cusp of a New Progressive Era?

Bureaucracy and RegulationProgressivismU.S. History

Blog06/17/2020

If current political and economic trends continue, the 2020s will usher in a new period of drastically increased government activity and regulation of the economy.

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Abolishing the Police Won't Mean Abolishing State Violence

Legal SystemMedia and CultureThe Police State

Blog06/15/2020

The Left believes that we need the state to force people to act in line with "social justice." This means that somebody must force compliance with state edicts, even if those people aren't called "police."

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An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.

Booms and BustsGlobal Economy

Blog05/30/2020

The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even...

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A Global Race to the Bottom: How Central Banks Are Responding to the COVID Crisis

Booms and BustsFinancial MarketsMonetary Policy

Blog05/21/2020

Now, more than ever, we're in uncharted waters when it comes to central banks and monetary policy. Economist Brendan Brown takes a look at where we are and what the future might hold for central banks' race to the bottom.

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Adam Smith and Benevolence

CapitalismPhilosophy and Methodology

Blog05/15/2020

Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.

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Austrian School Scholars Are Right to Be Worried about This Economy

Business Cycles

Blog05/04/2020

Austrian economists do not have crystal balls, but Austrian business cycle theory provides a sure foundation for identifying looming economic crises and exacerbating factors, even if the precise timing of a downturn cannot be known.

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As Oil Craters, Mexico's Government Still Bets on Its Oil Monopoly

Bureaucracy and RegulationSocialismWorld History

With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.

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America Is a Technocracy, Not a Democracy

Big GovernmentBureaucracy and Regulation

Blog05/01/2020

The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.

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