Mises Wire

Striking Autoworkers Will Only Harm Their Own Livelihoods

The FedLabor and WagesMonetary PolicyU.S. Economy


Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.

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Should We Uncritically Support Organized Labor?

Labor and WagesSocialismStrategyU.S. Economy


Another Labor Day has passed with the same pro-union rhetoric dominating the media and politics. However, being pro-union is not the same as being pro-labor, especially given that unions often are the most anti-worker entities in our political economy.

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Statism Stands against Free Trade and Free Association

Cronyism and CorporatismEconomic FreedomProtectionism and Free TradePhilosophy and Methodology

Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry.

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States Are Dying from Corruption and the Exponential

CapitalismPoliticsThe Police StateWorld History


The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.

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Saving Marxism from the Labor Theory of Value: It Is Still Bad Theory

Labor and WagesSocialismCapital and Interest TheoryOther Schools of Thought


While Graham Priest seems to have "rescued" Marxism from the labor theory of value, he cannot rescue Marxism itself.

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Statism and the Unmaking of Reality

Big GovernmentProgressivismThe Police State

Murray Rothbard wrote that egalitarianism was a war against nature. Statism has become a war against reality.

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Socialism Cannot Work, Not Even in an AI-Driven Economy

Free MarketsSocialismMonopoly and Competition


Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

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Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages


In this new age of decentralized and democratized content creation, union members' demands may simply be based on wishful thinking for a bygone era.

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