Mises Wire

Social Security Is a Terrible "Investment"

Taxes and Spending

Blog1 hour ago

Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.

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The Conquest of the US by Spain

U.S. HistoryWar and Foreign PolicyOther Schools of Thought

02/15/2020Mises Daily Articles
The year 1898 was a landmark in American history. It was the year America went to war with Spain—our first engagement with a foreign enemy in the dawning age of modern warfare. Aside from a few scant periods of retrenchment, we have been embroiled in foreign politics ever since.
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Coerced Confessions: How the Plea Bargain Replaced Physical Torture

Legal SystemThe Police State

Blog02/15/2020

When American governments created public police forces one hundred years ago, they often relied on torture to extract confessions. But now they have new methods: threatening to pile on new charges until the defendant takes a plea agreement.

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Socialism: A Brief Taxonomy

Socialism

Blog02/15/2020

From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.

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Three Reasons Why More Secession Means More Freedom

Global Economy

Blog02/15/2020

Smaller countries are more dependent on trade and on attracting capital through lower tax rates. This goes against the notion that "nationalists" can use political separation to increase trade barriers and isolate a national economy.

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How the Fed Rules and Inflates

The FedFree MarketsInterventionism

02/14/2020Mises Daily Articles
The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits, rather than cash. This creates a larger coundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
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What Margit von Mises Loved Most About Ludwig

History of the Austrian School of Economics

Blog02/14/2020

Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

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Wicksteed on Surplus Value

Blog02/14/2020

Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.

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