Mises Wire

The Many Ways Governments Create Monopolies

Bureaucracy and Regulation

Blog01/11/2020

Since outright grants of monopoly or quasi-monopoly would usually be considered baldly injurious to the public, governments have discovered a variety of methods of granting such privileges indirectly, as well as a variety of arguments to justify these measures.

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The State as a Voluntary Institution: A Critique

Blog09/30/2019

We often hear that various government policies are justified because "the people want" this or "we want" that. This belief assumes that dissenting minorities don't matter at all. "We want" is usually nothing more than rank majoritarianism.

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The Difference Between "Business Fluctuations" and a Recession

Booms and Busts

Blog09/24/2019

Business owners have always made errors, and external factors can lead to economic crises of various sorts. But the cyclical pattern of booms and busts we now see are a result of government interventions not seen in a free marketplace.

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The Meat-Packing Myth

Bureaucracy and RegulationU.S. History

Blog09/19/2019

There is a myth that Progressive humanitarians agitated for meat-packing regulations which now protect us from disease. The reality is that the big meat packers themselves wanted regulation to help crush the competition.

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The Myth of "Economic Power"

Blog09/07/2019

“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.

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The Impossibility of Equality

Blog08/21/2019

Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality.

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The Problem of Immoral Choices in the Marketplace

Bureaucracy and Regulation

Blog08/15/2019

Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.

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The Social Philosophy of the Austrian Economists

World History

Blog08/10/2019

It was Ludwig von Mises who revealed the intimate connections between Austrian economics and authentic liberalism.

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