Mises Wire

The Instability of Markets Is Not Nearly as Bad as the Instability of Government Policy

Free MarketsInterventionism

Blog11/20/2019

Many advocates claim government intervention is necessary because markets are too unstable. The real instability, however, comes from the immense uncertainty over what government will do next with its vast and arbitrary power.

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The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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The Nationalist Case for Free Trade, in the Words of Classical Economists

Protectionism and Free Trade

Blog09/16/2019

The classical economists were also nationalists, and they viewed free trade as one of the most important means for advancing the security, prosperity, and cultural achievements of their own nations.

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The Central Banks Lift House Prices and Rents, But Not Everywhere

Central banks have been at the center of the world's rapidly inflating housing prices.

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Tariffs Are an Attack on Natural Rights

Protectionism and Free Trade

Blog09/06/2019

The British opponents of the Corn Laws rightly understood that tariffs and other restrictions on trade are violations of fundamental natural rights, and that they privilege certain entrenched interests at the expense of everyone else.

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The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

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The Fed Chairman and the Phillips Curve

Blog07/30/2019

The Fed Chairman’s suggestion that the inverse correlation between inflation and unemployment has disappeared reveals that US central bank policymakers were previously employing a bankrupt theoretical framework to navigate the economy.

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