Mises Wire

The Biggest Lies of the Impeachment Saga

Legal SystemU.S. History

Blog02/20/2021

The latest impeachment saga simply confirms Thomas Paine’s adage: “The trade of governing has always been monopolized by the most ignorant and the most rascally individuals of mankind.” Score another victory for the Swamp.

Read More

The Omnipotent Power to Assassinate

War and Foreign Policy

Blog02/20/2021

How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state.

Read More

The High Cost of Using the Minimum Wage as a Form of Welfare

Labor and WagesTaxes and SpendingU.S. Economy

Blog02/19/2021

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

Read More

The Problem with the "Robber Baron" Narrative

U.S. HistoryMonopoly and Competition

We're now hearing many calls for more antitrust legislation applied to Big Tech because these firms are allegedly monopolies. But old-fashioned antitrust was a disaster, as will be new efforts against tech companies. 

Read More

Technology Alone Won't End Poverty. We Need Savings First.

Money and BankingProduction Theory

Blog02/16/2021

Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, expansion in economic growth is not going to emerge.

Read More

The Fight over Economics Is a Fight over Culture

ProgressivismU.S. History

Blog02/15/2021

Explaining good economic theory is about explaining how the other side is ripping you off.

Read More

The World Needs a Gold-Backed Deutsche Mark

Money and BanksWorld HistoryGold Standard

Blog02/12/2021

Reinstating the mark, a peaceful act by a sovereign country, would create a cascade of monetary reform throughout the world. Europe's trading partners would find the cost of necessary imports rising in terms of their local currencies, forcing them to adopt fiscal and monetary responsibility.

Read More

The Depression of the 1780s and the Banking Struggle

U.S. History

Blog02/11/2021

In an unhampered market, there is no such thing as "excess" consumption of imports. But thanks to the creation of monopoly banks like the Bank of North America, an inflationary expansion of bank credit led to an artificial expansion of imports.

Read More
Shield icon wire