Mises Wire

The Next British Prime Minister: Is There a Least-Worst Candidate?

World History

Blog06/06/2019

Tory MPs vying for the Prime Ministership mostly all vote alike on taxes and foreign policy. So only the issue of Brexit separates the bad from the very bad candidates.

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Two Years After Trump's Exit from the Paris Agreement, It's Proven To Be a Farce

The EnvironmentGlobal EconomyInterventionism

Blog06/05/2019

Environmental activists admit that the Paris Agreement wasn't a "solution" to climate change, they should actually be thanking Trump for abandoning it.

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The Popular (and Wrong) Interpretation of the "Industrial Revolution"

Free MarketsWorld HistoryEntrepreneurshipHistory of the Austrian School of Economics

06/04/2019Mises Daily Articles
Far from being a bucolic utopia, economic conditions were highly unsatisfactory on the eve of the Industrial Revolution. The traditional social system was not elastic enough to provide for the needs of a rapidly increasing population.
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The Fed Has No Choice But to Return to Ultra-Low Interest Rates

Blog06/04/2019

Markets are already betting that the Fed will re-commit itself to more stimulus and more ultra-low rates. The markets are probably right.

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This Trade War Won't Make America Great Again

Protectionism and Free Trade

Blog05/31/2019

The trade deficit has increased since President Trump took office, consumer prices are rising, and American industries are losing their competitiveness on the world stage.

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The EU, Not Brexit, Killed British Steel

Blog05/29/2019

EU regulations greatly increased costs for British Steel, and eventually doomed the company. And British Steel would have become insolvent even if the Brits had never voted for Brexit.

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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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The US Supreme Court Is Right to Rule In Favor of Tribal Sovereignty

Decentralization and SecessionU.S. History

Blog05/28/2019

In two recent cases, Neil Gorsuch joined the "liberal" wing of the Court to side with Indian tribes in enhancing tribal sovereignty. This is a good thing for limiting and decentralizing government power.

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