Mises Wire

Henry Ford Did More for Workers than Unions Did

Labor and Wages

Blog01/06/2020

Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.

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Hunter-Gatherers Ravaged the Environment. Industrialization Saved It.

The EnvironmentMedia and CultureWorld History

Blog01/01/2020

Hunter-gatherer societies stripped the local environment of resources and then moved on to another place. There was nothing environmentally responsible about this sort of economy, in spite of modern efforts to portray prehistoric humans as tree huggers.

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How to Write and Understand History

Philosophy and Methodology

Blog12/28/2019

Economic history is possible only because there is an economic theory capable of throwing light upon economic actions. If there were no economic theory, reports concerning economic facts would be nothing more than a collection of unconnected data open to any arbitrary interpretation.

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Healthcare and "Market Failure"

Bureaucracy and RegulationHealth

Blog12/26/2019

Proponents of socialized medicine assert that markets cannot be trusted with healthcare due to "market failure." But the assumed "failures" of health markets are not improved by socializing healthcare.

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How Today's Central Bankers Threaten Civilization

Big GovernmentMedia and CultureMoney and Banks

Blog12/23/2019

Our monetary system, combined with interventionist state policies, causes mass overconsumption, the destruction of wealth, capital consumption, and the destruction of nature. 

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Hazlitt's Critique of Keynes: The 60th Anniversary

Book ReviewsInterventionismOther Schools of Thought

Blog12/20/2019

Hazlitt and all of the other critics of Keynes never did get to the primary points with respect to what was wrong with Keynes. One point was theoretical. The other was practical.

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How Unions Reduce Real Wages

Labor and WagesMonopoly and Competition

Blog12/17/2019

The actual policies that labor unions have systematically followed from the beginning of their existence have in fact reduced the real wages of the workers as a whole below what they would otherwise have been.

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How Bernie Sanders and Elizabeth Warren Are Channeling Venezuela's Hugo Chávez

SocialismWorld History

Blog12/17/2019

That so many voters, pundits, academics, and media figures are taken in by the Warren-Sanders wealth confiscation and redistribution schemes does not bode well for our economic and political future.

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