Mises Wire

Biden’s Covid "Supply Commander" Is Bad Medicine

CapitalismProduction Theory

Blog8 hours ago

Joe Biden thinks a centrally planned supply chain for healthcare supplies is necessary, because "We can no longer leave this to the private sector." There are many reasons why this is so very wrong. 

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Being Pro-union Means Being Antiworker

Blog11/23/2020

The problem with Biden’s Protecting the Right to Organize (PRO) Act is that it would help unions at the expense of the vast majority of American workers.

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Both Theory and Praxis: Rothbard's Plan for Laissez-Faire Activism

Blog11/13/2020

It should be self-evident that a just and moral political regime can only exist in the long term if a sufficiently large number of people actually believe in it.

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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Bankruptcies Rise Despite Trillions in New Liquidity

Booms and BustsInflationFinancial Markets

Blog09/07/2020

Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.

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Buchanan and Anarchism

Philosophy and MethodologyPolitical Theory

Blog07/31/2020

Economist James Buchanan thinks that a state is necessary, because people wouldn't be able to agree on the boundaries of their rights.

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Beware Washington's Latest Trillion-Dollar Infrastructure Scheme

Blog06/29/2020

The Democrats want trillions spent on infrastructure for a "Green New Deal." The GOP wants a trillion for roads and bridges. They're likely to find a way to "work together" to spend trillions either way.

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