Mises Wire

Why GDP Metrics Won't Tell Us Much about the Post-COVID Recovery

Blog06/06/2020

GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.

Read More

Why It's Rational to Fear Cops

Legal SystemThe Police State

Blog06/05/2020

Not all (or even most) police are needlessly violent. But it is rational to conclude, upon seeing a person in a police uniform, that this person can—if he wishes to—abuse his power with near impunity.

Read More

War for Hong Kong?

The United States has been trying to provoke China into a conflict for years. But Americans benefit far more from peace with China. We shouldn't fall for the state's latest hate campaign against foreigners.

Read More

Why Abusive Cops So Often Keep Their Jobs

Labor and WagesThe Police State

Blog06/02/2020

When you hear a cop has been fired from his job for some heinous act, be sure to check back a few months later. He may have been rehired thanks to the fact that it's very easy for cops to appeal termination and win.

Read More

Why Socialists Love the Phrase "It's Not Real Socialism"

SocialismPhilosophy and Methodology

Blog06/01/2020

A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."

Read More

What the Failed 55-MPH Speed Limit Law Tells Us about COVID Lockdowns

Big GovernmentHealthMedia and Culture

Blog05/27/2020

Americans were once harangued by government "experts" about the need to slow down on highways in order to save lives. Few listened. Today, laws demanding everyone "stay at home" may suffer a similar fate.

Read More

Why Congressional "Oversight" of the Bureaucracy Is No Such Thing

Bureaucracy and RegulationMedia and Culture

Blog05/27/2020

Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for.

Read More

Why Official Inflation Measures Don't Work

InflationOther Schools of ThoughtPhilosophy and Methodology

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

Read More
Shield icon wire