Mises Wire

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. 

Read More

Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

Read More

The Stock Market According to L.A. Hahn

Blog05/06/2019

Financial markets are neither perfectly efficient, nor animally spirited, but eventually adjusting.

Read More

The Income Tax: Lessons from the Sixteenth Amendment

Taxes and Spending

Blog04/15/2019

The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.

Read More

The Menace of Sub-Zero Interest-Rate Policy

Blog04/12/2019

If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?

Read More

The Trouble With Socialist Anarchism

03/19/2019Mises Daily Articles
Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a "capitalist lackey" than anarchist thinker.
Read More

The Second Socialist Calculation Debate: Comments at the 2018 Austrian Economics Research Conference

SocialismCalculation and Knowledge

02/28/2019Quarterly Journal of Austrian Economics
This article discusses the changes in Austrian economics stimulated by the Second Socialist Calculation Debate and suggests a direction for future research.
Read More

The Division of Labor Is at the Very Core of Economic Growth

Capital and Interest Theory

Blog02/09/2019

The importance of the division of labor hardly can be exaggerated, and it is also key in understanding the process of capital creation.

Read More
Shield icon wire