Mises Wire

George Bailey, Capitalist Hero

Media and Culture

Blog12/25/2019

In It's a Wonderful Life, George Bailey was right to oppose Old Man Potter. Potter's fondness for the draft board and his attempt to use the DA to crush his adversary shows Potter had little regard for truly voluntary exchange.

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Good Economic Theory Focuses on Explanation, Not Prediction

Philosophy and Methodology

Blog12/18/2019

Many modern economists think the standard for a "good" economic theory is how well it predicts future trends. Not only are most economists terrible at making predictions, but the whole premise of economics as being about predicting things is a flawed idea.

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Governments Created Too Many Criminals. Now They Want More Regulations to "Solve" the Problem

Blog11/22/2019

If governments really want to help former criminals get jobs, they should stop turning so many small-time offenses into crimes.

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Globalist-Endorsed War on Cash May Be China's Next Terrifying Weapon

Money and BanksThe Police State

Blog11/18/2019

Transitioning to a cashless society is a natural fit for the authoritarian regime in Beijing — and one that has long been sold as “benign” by the more “liberal” globalist elite.

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Government Subsidies and the Decline of Higher Ed: Lessons from Australia

Blog10/28/2019

Poor incentives create poor outcomes, and government subsidies for higher education institutions have created poor incentives in spades.

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Global Monetary Failure is Becoming Inevitable

Global EconomyMoney and BanksMoney and Banking

Blog10/25/2019

Politicians, who claim that a week in politics is the long term, fail to see any problem.

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Government Meddling Is the Reason You're "Underpaid"

Blog10/07/2019

It is frequently allege that, under capitalism, people aren’t paid what they are worth to employers. But the commonly-drawn implication that state intervention will improve things is false.

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