Mises Wire

The State Is a Predator. It Can't Be Used to Achieve Libertarian Ends

Philosophy and Methodology

Blog01/30/2020

In portraying the state as an integral part of economy and society, advocates of "state capacity libertarianism" ignore the state's unique political, i.e., predatory, nature.

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Why Democracy Doesn't Give Us What We Want

Philosophy and MethodologyPolitical Theory

Blog01/30/2020

Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.

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The Age of Entitlement: The Legacy of Anti-Discrimination Laws

Book Reviews

Blog01/30/2020

The task that civil rights laws were meant to carry out—the top-down management of various ethnic, regional, and social groups—had always been the main task of empires. The US now imposes this both domestically and globally.

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The Theory and Brief History of Money and Banking

The FedMonetary TheoryMoney and Banking

Blog01/29/2020

Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?

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Savings vs. Money: Which Is More Important?

Booms and BustsMoney and Banks

Blog01/29/2020

It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.

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Franz Jägerstätter: Conscientious Objector

Media and CultureStrategyWar and Foreign PolicyWorld History

Blog01/29/2020

Terrence Malick's new film about conscientious objector Franz Jägerstätter is a subtle film. But perhaps too much so, and we need to look deeper to understand why this one man so vehemently resisted the Nazi state at the cost of his own life.

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Protectionism Is Not the Answer to the Canadian Fur Trade’s Problems

Free MarketsProtectionism and Free Trade

Blog01/29/2020

The North American fur trade is in decline. Unfortunately, many think that the solution is for the government to step in to “protect” trappers from market competition.

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Mises the Decentralist Hero

StrategyPolitical Theory

01/28/2020Audio/Video
Opposition to decentralization in government often arises out of fear. Most people have been indoctrinated into the idea that a large centralized state can better prevent bad things from happening.
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