Mises Wire

The German Court's Unexpected Blow to the ECB

Decentralization and SecessionLegal SystemMonetary Policy

Blog05/29/2020

A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU.

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Nozick Once Again

Calculation and KnowledgePhilosophy and MethodologyPraxeology

Blog05/29/2020

If time preference is genetically built into humans, are they double discounting future goods? Does this mean people should stop trying to weigh time in their calculations?

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Why Congressional "Oversight" of the Bureaucracy Is No Such Thing

Bureaucracy and RegulationMedia and Culture

Blog05/27/2020

Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for.

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The Folly of "Ask What You Can Do for Your Country"

Big GovernmentU.S. HistoryPolitical Theory

Blog05/25/2020

Governments often demand that you "ask what you can do for your country," but those governments never guarantee us anything in return for our sacrifice.

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Why Those COVID-19 Models Aren't Real Science

Bureaucracy and RegulationHealth

Blog05/22/2020

Lord Kelvin once said, “If you cannot measure it, then it is not science” and “your theory is apt to be based more upon imagination than upon knowledge.” This would certainly seem to apply to the many COVID-19 models now used to destroy human rights across the globe.

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How Words Like "Essential" and "Need" Are Abused by Politicians

Economic FreedomSocialism

Blog05/18/2020

We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.

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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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