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Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.
I've received a few questions recently about submission guidelines for the Mises Wire, so here are the guidelines.
Socialist regimes have long gone to great lengths to replace all the independent institutions of civil society with the omnipotence of the state in all things.
HealthTaxes and Spending
Compared to other types of universal healthcare systems, what we call "single-payer" healthcare is possibly the worst of all.
A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.
Taxes and Spending
If Social Security was efficient, equitable, reliable and sustainable, defending the status quo might be sensible. But it is none of those things.
Media and CultureSocialismThe Police State
Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.
Big GovernmentBook ReviewsStrategy
Joseph Stiglitz has written a new book that calls for massive state control over the economy.