Mises Wire

The State as a Voluntary Institution: A Critique

Blog09/30/2019

We often hear that various government policies are justified because "the people want" this or "we want" that. This belief assumes that dissenting minorities don't matter at all. "We want" is usually nothing more than rank majoritarianism.

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The Ethics of Externalities

Free MarketsPhilosophy and Methodology

09/28/2019Mises Daily Articles
According to the usual justification for government regulation of externalities,almost everything we do is ripe for regulation. Even worse, regulators never admit their prohibitions prevent an incalculable number of positive externalities.
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The Difference Between "Business Fluctuations" and a Recession

Booms and Busts

Blog09/24/2019

Business owners have always made errors, and external factors can lead to economic crises of various sorts. But the cyclical pattern of booms and busts we now see are a result of government interventions not seen in a free marketplace.

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The Meat-Packing Myth

Bureaucracy and RegulationU.S. History

Blog09/19/2019

There is a myth that Progressive humanitarians agitated for meat-packing regulations which now protect us from disease. The reality is that the big meat packers themselves wanted regulation to help crush the competition.

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Power over Nature vs. Power over Man

Blog09/13/2019

One group uses natural resources to increase human wealth through peaceful means. And then others use the power of the state to steal some of that wealth for themselves.

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The Fed: Reality Trumps Rhetoric

The FedMoney and BanksMonetary Theory

09/10/2019The Free Market
The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.
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Learning About the State

Big Government

09/09/2019Mises Daily Articles
It is not the people we elect who are in charge. They are only the human face on the machine. If they don't know this before the election, they quickly discover it after the election.
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The Myth of "Economic Power"

Blog09/07/2019

“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.

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