Mises Wire

Capitalism Isn't the Reason We're Unhappy

PovertyU.S. HistoryWorld History

Blog07/26/2019

The theory goes like this: capitalism combines with consumerism and advertising to make us sad, lonely, and forever chasing after material goods. So we consume endlessly and the Machiavellian capitalists reap the rewards. It's not a great theory.

Read More

Capitalism Didn't Invent "Keeping Up with the Joneses"

Blog07/25/2019

Competition for wealth and social status was hardly created by the capitalist system. People have always competed for these things. Thanks to capitalism, though, this competition is now less violent, and true poverty is easier to avoid.

Read More

The Steel Tariffs Have Failed

Protectionism and Free Trade

Blog07/24/2019

As prices have risen, domestic demand for steel has fallen, meaning steel producers are laying off workers as consumers pay more. 

Read More

Bernie Sanders Shows Us How a Minimum Wage Hike Hurts Workers

Bureaucracy and Regulation

Blog07/23/2019

Rather than pay his campaign workers more out of his personal wealth, Bernie Sanders is cutting employee hours and scaling back campaign events — thus illustrating how minimum wage hikes are a problem for workers.

Read More

June Money-Supply Growth Falls to Third-Lowest Growth Rate Since 2007

Money Supply

Blog07/23/2019

In June, year-over-year growth in the money supply was at 1.98 percent. That was down slightly from May's rate of 2.10 percent, and was well down from June 2018's rate of 4.30 percent.

Read More

Planning for Freedom

BiographiesHistory of the Austrian School of EconomicsPraxeology

07/19/2019Mises Daily Articles
There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.
Read More

Michel Accad, MD, Leads Bob on a Critical Analysis of Kenneth Arrow’s Healthcare Paper

Free MarketsHealth

07/18/2019Audio/Video
Bob Murphy and Michel Accad discuss Kenneth Arrow's pioneering 1963 article on healthcare economics.
Read More

Privatizing Public Lands Doesn't Mean Turning Them Into Shopping Centers

The Environment

Blog07/18/2019

Public lands already have value as nature preserves and tourist attractions. At the same time, the economic needs of ordinary human beings — which often require land development — shouldn't be ignored. 

Read More
Shield icon wire