Mises Wire

Do Consumers Know What's Best for Them?

Value and Exchange

Blog08/31/2019

The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.

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Does the Boom-Bust Cycle Ever Result from Commodity Money?

Money and BanksMoney and Banking

Blog08/26/2019

Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?

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Debunking Income-Inequality Research

U.S. EconomyU.S. History

Blog07/13/2019

Most income inequality stats provide a cloudy and confusing picture of the real situation. Even worse, these stats are used to justify a wide variety of tax hikes and government interventions.

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Deneen's Why Liberalism Failed Attacks a Fake Version of Liberalism

Philosophy and Methodology

Blog07/13/2019

Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.

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Diktat 1919: The Versailles Treaty As Dictated Peace

World History

Blog07/01/2019

Unlike the Versailles peace, which failed horribly, the successful episodes of peacemaking — Westphalia, Vienna, and even the process that ended World War II — had in common extended multi-lateral negotiations and compromise.

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Doctors Are Not "Playing God," But the Government Certainly Is

Bureaucracy and Regulation

Blog06/17/2019

The Canadian government wants to force doctors to assist patients with euthanasia. But doctors should be free to refuse service to anyone, and refusal doesn't mean doctors are "blocking access" to healthcare or anything else.

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Dear Conservatives: Giving the State Even More Power Won't Solve Our Problems

Blog06/11/2019

Many cultural conservatives increasingly succumb to the temptation to call on the state to solve our problems, and to punish our leftist adversaries. But they're making a big mistake.

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Do We Consent to Government by Refusing to Emigrate?

World HistoryPhilosophy and Methodology

Blog06/08/2019

John Locke was ridiculed for suggesting that people "consent" to their government by not emigrating. Hume suggested this theory could be used to claim consent for even the most outrageous tyrants.

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