Mises Wire

No, the Stock Market Isn't a "Leading Indicator" of Economic Prosperity

Blog10/19/2020

In an unhampered economy, stock prices would reflect the availability of savings for investment and capital. But in an inflationary economy, rising stock prices suggest something very different.

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Negative Interest Rates: Rewarding Profligacy

Financial MarketsMonetary Policy

Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.

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No, Decriminalization of Marijuana Is not Better than Legalization

Bureaucracy and RegulationLegal System

Blog06/29/2018

Oddly, some libertarians argue that decriminalization is better than outright legalization. They're wrong. 

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No, The Death Penalty Does Not Stop Drug Trafficking

Legal SystemWorld History

Blog03/22/2018

Despite harsh penalties for drug dealers, China's numbers on drug use are not significantly different from those in the US. 

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Natural-Law Libertarianism and the Pursuit of Justice

Legal SystemPhilosophy and MethodologyPolitical Theory

Blog06/07/2017
Before endorsing a legal system, libertarians must first figure out what justice is. The natural-law framework is one way of figuring this out.
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