Mises Wire

A Bookmaker With the Mind of Mencken

Book Reviews

Blog07/19/2019

After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”

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Alabama Expands Law Allowing Private Police Forces — And the Opposition Goes Nuts

Legal System

Blog06/29/2019

If one is concerned about Briarwood’s new private police force, one also ought to be hysterical over pretty much any police force in the United States. But the state seems to get a pass in areas where non-state entities are treated with suspicion.

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A Government-Imposed Minimum Wage for Pro Hockey Players?

Bureaucracy and RegulationLabor and Wages

Blog12/05/2018

Minor-league hockey players know what they're getting into when they sign their contracts. But now they want the government to overturn their contracts and force a pay raise.

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Austrian Economics and the Transaction Cost Approach to the Firm

Calculation and KnowledgeEntrepreneurshipProduction Theory

10/26/2018Libertarian Papers
Why are there many firms in the world, and not just one, big mega-corporation? The answer lies in the problem of calculating costs and prices.
Formats

lp-1-39_2.pdf

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America Picks a Fight With its Largest Foreign Creditor

Money and BanksMoney and Banking

Blog04/17/2018

Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.

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A Sideways Skyscraper Curse?

Booms and BustsTaxes and SpendingBusiness Cycles

Blog01/19/2018
Project Neon is the largest public works project in Nevada history.
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Americans Are Addicted to Homeownership, and the Government is the Pusher

Money and BanksTaxes and SpendingMoney and Banking

Blog12/22/2017
"Sure, it's nice that homeownership forces people to build equity in an asset, even if it is a profoundly crappy asset."
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America's History of Self Medicating: Opioids versus Alcohol

Big GovernmentHealth

Blog10/25/2017
No drug czar is needed, and the DEA can go home as well. People will self-medicate one way or another, with the government's blessing or without.
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