Mises Wire

The Nobel Laureates Are Wrong: Of Course Financial Incentives Matter

Austrian Economics OverviewOther Schools of ThoughtValue and Exchange

Blog11/23/2019

There is a growing drumbeat from some high-profile economists to reassure Americans that large increases in income and wealth taxes won’t distort labor markets. Yet much of their arguments are very misleading.

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The Dark Side of the American Dream

Media and Culture

Blog11/22/2019

Paul Cantor's new book provides a new look at how the "American dream" is shown in pop culture as offering both hope and frustration.

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The Deep State: The Headless Fourth Branch of Government

Bureaucracy and RegulationLegal SystemWar and Foreign Policy

Blog11/20/2019

School children learn that there are three branches of government. In actual practice, there is a fourth branch, the permanent bureaucracy which includes legions of civilian and military agents, officers, and administrators committed to protecting their own interests.

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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 West Was Never Really an Enemy of Soviet Communism

The Police StateWorld History

Blog11/15/2019

In his new book Judgment in Moscow, Vladimir Bukovsky claims the spirit of the Bolsheviks was never really destroyed. And it has been kept alive with Western help. 

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The Case for Free-Market Liberalism in Africa

Global EconomyWorld History

Blog11/13/2019

The African continent is exceedingly rich in natural resources, yet the living standard of Africans is very low. The most plausible explanation for this discrepancy is the lack of a system that protects private property.

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The FDA Wants to Control Your Stem Cells

Blog11/12/2019

Our right to privacy is premised upon the idea of personal autonomy and extends to the right to bodily integrity. This includes our stem cells.

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The Cost of Government Is Rising Much Faster than Housing and Healthcare

Taxes and Spending

Blog11/09/2019

The American cost of living is driven up not only by housing and healthcare costs, but by even larger increases in tax bills and government spending.

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