Mises Wire

Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog10 hours ago

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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When State Governors Tried To Take Back Control of the National Guard

Decentralization and SecessionWar and Foreign Policy

Blog08/19/2019

In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.

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What Student Loans and Health Care Have in Common

Blog08/19/2019

When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.

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Why $100 Bills Are Now the US Dollar's Most Common Banknote

08/16/2019Power & Market

Perhaps in the future, physical dollars and digital dollars will be recognized as two distinct mediums of exchange.

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Why Joe Biden Is Winning the Gun-Control Debate

Blog08/15/2019

The gun-control lobby is saying guns won't actually help fight against tyrannical government. The pro-gun side hasn't offered much of a rebuttal.

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White Collar Welfare: What It's Like to Work for the Federal Government

Bureaucracy and RegulationTaxes and Spending

Blog08/15/2019

Shannon O'Toole's memoir on working for the FDIC helps us understand why some have taken to calling federal employment "white collar welfare."

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Why Roddy Piper Was Too Rowdy in 'They Live'

Media and CultureStrategy

08/14/2019Audio/Video
Bob Murphy analyzes John Carpenter’s 1988 cult classic They Live , starring Roddy Piper.
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What the Looming US-China Currency War Means for the Economy

Financial MarketsGlobal EconomyMoney and Banking

Blog08/13/2019

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

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