Mises Wire

Private Sector Truck Drivers Are Nepal's Lifeline to Clean Water

Blog02/08/2020

Government officials have repeatedly failed to deliver clean water to the people of Kathmandu. So the private sector stepped in to get the job done.

Read More

Shhhh: Repo Operation in Process

The FedFinancial Markets

Blog02/05/2020

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

Read More

"Disabled" Cop Fleeces Taxpayers While Working Full-Time for FBI

HealthSocialism

Blog02/03/2020

Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."

Read More

Are Housing Markets Still Clearing Out the Trash of the Last Bust?

Booms and BustsFinancial Markets

Blog01/20/2020

Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.

Read More

The Seen and the Unseen of "Waste"

Value and Exchange

Blog01/04/2020

When a farmer leaves some unharvested crops in the field, they are not "wasted." Real waste would be found in efforts to use up every last physical resource, no matter how costly those efforts might be.

Read More

The Problem with Democracy? Letting Everyone Do It

Book Reviews

Blog12/26/2019

We don’t let just anyone repair our homes or perform surgery. So why do we let everyone vote, and, theoretically, let just anyone rule? Jason Brennan’s recommendation is epistocracy: the rule of the knowledgeable.

Read More

Healthcare and "Market Failure"

Bureaucracy and RegulationHealth

Blog12/26/2019

Proponents of socialized medicine assert that markets cannot be trusted with healthcare due to "market failure." But the assumed "failures" of health markets are not improved by socializing healthcare.

Read More

The Economic Consequences of the Peace: 100 Years Later

War and Foreign PolicyWorld HistoryOther Schools of Thought

Blog12/16/2019

John Maynard Keynes's stance on German reparations in the wake of the First World War may have precipitated the rise of Hitler.

Read More
Shield icon wire