Mises Wire

China Abandoned Hard-Core Socialism — So Progessives Abandoned China

World History

Blog06/06/2019

Progressives like John Kenneth Galbraith no longer heap praise on China, given that it long ago abandoned Mao’s austere communism. Instead, modern progressive economists like Joe Stiglitz save their acclaim for the economies of places like Cuba and Venezuela.

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In Africa, Poverty Grows Because of the Elites' Anti-Capitalism

Global Economy

Blog06/05/2019

Both ideological anti-capitalism and economic factors contribute to the way Africa lags the rest of the world in the conquest of poverty.

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Bureaucracy, Legal Immunity, and Prosecutorial Abuse

By making government prosecutors nearly invulnerable to legal accountability, the courts have unleashed a situation which F.A. Hayek described as one in which “the worst get on top.”

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A "European Empire" Won't Make Europe Richer

World History

Blog05/23/2019

Emmanuel Macron is pushing for a "European Empire" which he thinks will bring more economic success. But European prosperity has always thrived most where there are small states and decentralization.

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"Obstruction of Justice" Isn’t What People Think It Is

Legal System

Blog04/22/2019

As far as the FBI is concerned, it can do whatever it wants — and anyone who resists its power is guilty of "obstruction of justice."

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Krugman Needs a Lesson on Why Truckers Are Paid Less Now than in the 1970s

Labor and WagesValue and Exchange

Blog04/18/2019

Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.

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Economic Stratification and College Admission

Education

Blog04/16/2019

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.

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Elizabeth Warren's Antitrust Crusade: A New Progressive War on Wealth

Cronyism and CorporatismU.S. EconomyMonopoly and Competition

Blog04/06/2019

In their war on "monopolies," Progressives like Elizabeth Warren show they don't understand the history of anti-monopoly legislation, and they also don't understand that modern day "monopolies" aren't really monopolies at all.

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