Mises Wire

The Freedom to Reject the "Best"

EducationFree MarketsInterventionism

9 hours agoMises Daily Articles
A central benefit of the marketplace is the ability to choose the products and services that the "experts" tell us are not "the best."
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The Disaster of Negative Interest Policy

Blog08/22/2019

Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.

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The Impossibility of Equality

Blog08/21/2019

Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality.

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The Left Argues Slavery Was an Economic Blessing. Here's Why They Are Wrong.

Labor and WagesU.S. HistoryWorld History

Blog08/20/2019

Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.

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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 Problem of Immoral Choices in the Marketplace

Bureaucracy and Regulation

Blog08/15/2019

Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.

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The Problem with Private Prisons Is Not that They Are Private

Blog08/15/2019

Private prisons are private in name only. They are merely adjuncts of the state, and the real problem is these prisons warehouse many people the state should not have put in prison in the first place.

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The Rise of Capitalism

Free MarketsHistory of the Austrian School of Economics

08/14/2019Mises Daily Articles
The characteristic feature of capitalism that distinguished it from precapitalist methods of production is capitalism's efforts to make goods and services available to everyone — not just the wealthy.
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