Mises Wire

Review: Austerity: When It Works and When It Doesn’t

Taxes and Spending

06/27/2019Quarterly Journal of Austrian Economics
Mark Thornton reviews Alesina, Favero, and Giavazzi's book, which argues that austerity plans based on tax increases fare much worse than plans based on reducing expenditures.
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Harvard Economics is Changing

06/26/2019Power & Market

Economics at Harvard is changing for the worst.

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Richard Cantillon As a Proto-Austrian

History of the Austrian School of EconomicsMoney and BankingProduction Theory

06/23/2019Audio/Video
Jeff Deist and Mark Thornton discuss the works of one of the fathers of modern economics: Richard Cantillon.
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Three Ways Capitalists Make Workers Better Off

The EntrepreneurLabor and Wages

Blog06/07/2019

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.

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Confronting the Myths about "Arming Teachers"

Decentralization and SecessionLegal System

Blog05/24/2019

There is no evidence that properly trained and armed private citizens would do a worse job than government "law enforcement" personnel in enhancing school safety.

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The Unseen Costs of "Medicare for All"

Health

Blog05/21/2019

Many of the worst costs that will come with "Medicare for All" won't be calculated in dollars. They'll come in the form of doctor shortages, long wait times, and less access to care.

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Guardians of the Warfare State

U.S. HistoryWar and Foreign PolicyPolitical Theory

05/10/2019Mises Daily Articles
The Secretary of Defense acts as an indispensable liaison between parties, business, and the state. The job is guarded by a special class of loyalists, usually extremely bright individuals chosen by the state's elites.
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Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Bureaucracy and RegulationU.S. History

05/04/2019Quarterly Journal of Austrian Economics
Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
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