Mises Wire

Minimum Wage, Maximum Discrimination

Bureaucracy and Regulation

Blog02/26/2021

Eugenicist Progressives introduced the minimum wage, because it was well suited to perform the Progressives’ dirty work of discriminating against (what they considered) the least productive by making them unemployable.

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Money, Interest, and the Business Cycle

Money and Banking

Blog02/17/2021

"I am not against bank notes as such … I want to give everybody the right to issue his own banknotes. The problem then would be to get other men to accept such private banknotes; maybe nobody will take them."

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Monetary Inflation and Price Inflation

Central BanksInflation

Blog02/03/2021

Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.

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Medical Errors and the Cult of Expertise in the Age of Covid

Health

Blog01/05/2021

Many healthcare professionals have happily embraced the same attitude as cops: "We're experts, don't you dare question us." But the 100,000 yearly medical-error deaths suggest this expertise ought to be questioned more often. 

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Mises and Philosophical Minimalism

Philosophy and MethodologyPraxeology

Blog01/01/2021

Mises defends praxeology using philosophical minimalism, that is, by sticking to the core fact that people act and make choices.

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Materialism Fails to Explain the West's Conflict with Islam

World History

Blog12/31/2020

Different people often react quite differently to the same conditions, so attempts to blame religious conflict on material deprivation fail. Ideological differences also better explain why Islam is not monolithic. 

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Make the Mises Institute Stronger in 2021

Blog12/31/2020

How has the Left had so much success in a nation that was the direct byproduct of classical liberalism? By controlling the narrative and leveraging that status for political power.

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Mill: Socialism Could Work for More Advanced People

PlanningSocialism

Blog12/25/2020

Though he was generally a Ricardian, John Stuart Mill thought that the main obstacle to socialism is that people might not yet be civilized enough to put it into practice. 

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