Mises Wire

Today's Tech Giants Aren't Really Monopolists


The definition of a monopoly (and therefore of competition) in traditional economic theory is arbitrary. And there are many reasons why big companies with little "competition" are beneficial.

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The DC Sniper Rampage: The Biggest Police Debacle of the Century?

U.S. History


The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match.

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The Rise of the Sovereign State

The first myth one has to debunk: that the state is merely a natural and organic outgrowth of political power, as old as the history of mankind or of organized society.

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The Bank of Canada's Failed Mission to "Preserve the Value of Money"

Money and Banks


The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day.

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This Professor Hates the Austrian School. But He Clearly Doesn't Know Much about It.

Book Reviews


Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people.

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The US Misery Index Shows How Weak This Recovery Is


This is not a strong economy, it is a disaster waiting to happen as inflation remains elevated. Even the Federal Reserve now admits inflationary pressures are “persistent.”

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The Heroic Draft Dodgers of the American Civil War


Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted.

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The Inca Empire: An Indigenous Leviathan State

Property RightsTaxes and SpendingWorld History


So oppressive was the Inca regime that it's no wonder the Spaniards found many enemies willing to help topple the empire.

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