Mises Wire

Alabama Expands Law Allowing Private Police Forces — And the Opposition Goes Nuts

Legal System

Blog06/29/2019

If one is concerned about Briarwood’s new private police force, one also ought to be hysterical over pretty much any police force in the United States. But the state seems to get a pass in areas where non-state entities are treated with suspicion.

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The Treaty of Versailles — 100 Years Later

World History

Blog06/28/2019

The Versailles treaty was in many ways an extension of the imperialistic impulses that caused the Great War in the first place. Even worse, it paved the way for World War II.

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It's No Bitcoin: Facebook's Libra Currency Is Tied to Government Currencies

Money and Banks

Blog06/28/2019

Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.

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Government "Accountability" Isn't Real Accountability

Bureaucracy and Regulation

Blog06/28/2019

Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.

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Doctors Are Not "Playing God," But the Government Certainly Is

Bureaucracy and Regulation

Blog06/17/2019

The Canadian government wants to force doctors to assist patients with euthanasia. But doctors should be free to refuse service to anyone, and refusal doesn't mean doctors are "blocking access" to healthcare or anything else.

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Mises on 100-Percent Reserve Banking

Money and BanksMoney and Banking

Blog06/13/2019

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."

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Boombustology: Can Mises and Minsky Help Investors Spot Bubbles?

Book ReviewsBooms and BustsFinancial Markets

Blog06/10/2019

Vikram Mansharamani’s second edition of Boombustology: Spotting Financial Bubbles Before They Burst has all the great insights from the first edition plus a foreword by James Grant.

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Does the State Care More About Tax Evasion than Murder?

Legal System

Blog05/24/2019

Given the government's terrible record in capturing and punishing real criminals, while devoting ever-more resources to punishing tax evasion, it appears the government cares more about the pursuit of tax thieves than providing justice for victims of violent crime.

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