Mises Wire

Dave Smith One-on-One with Jeff Deist

10/24/2019Power & Market
Jeff Deist and Dave Smith discuss D.C., Ancapistan, the future of religion in western society, and the Federal Reserve. Read More

Why the Pursuit of Profit Makes Us All Better Off

The Entrepreneur

Blog10/21/2019

When entrepreneurs create profit, we know they are using resources in a way that benefit others. When entrepreneurs causes losses, they are destroying wealth.

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If People Can't Be Trusted with Market Freedom, They Also Can't Be Trusted with the Vote

Interventionism

Blog10/17/2019

Behavioral economists say that since individuals are irrational, we need more state intervention in the economy. However, their criticism can be turned around: if individuals are irrational, government power is especially dangerous.

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Why "Worker Exploitation" Is a Myth

Labor and Wages

Blog10/14/2019

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

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Shays's Rebellion: The Excuse for a Centralized American State

Taxes and SpendingU.S. History

Blog10/11/2019

The so-called Founding Fathers used small-scale tax rebellions to justify their counter-revolution against the spirit of 1776, thus launching the big-tax, big-government Constitutional Convention of 1787.

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The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Economic Growth Does Not Cause Price Inflation

Blog10/07/2019

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

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