Mises Wire

The Libertarian Legacy of the Old Right: Democracy and Representative Government

U.S. HistoryPolitical Theory

4 hours agoThe Journal of Libertarian Studies
What is the relationship between libertarianism and democracy? This article unveils a well-consolidated tradition of criticism of democracy within libertarian political philosophy.
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An Introduction to Virginia 2nd Amendment "Sanctuaries"

Legal System

Blog7 hours ago

Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.

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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.

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The Deception behind Government Licensing Laws

Bureaucracy and RegulationCronyism and CorporatismInterventionism

Blog01/18/2020

How much licensing requirements are designed to “protect” the health of the public, and how much to restrict competition, may be gauged from the fact that giving medical advice free without a license is rarely a legal offense. Only the sale of medical advice requires a license.

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California's Anti-Self-Employment Law Is Already Crushing Freelancers

Big GovernmentBureaucracy and RegulationLabor and Wages

Blog01/18/2020

State lawmakers possess an infinite source of good intentions. Wielding the power of this limitless benevolence and munificence, politicians are regulating the lives of citizens while eviscerating their existence in the process.

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What Free Market Money Would Look Like

Money and BanksMoney and Banking

Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.

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Death to Prohibition

Big GovernmentHealthU.S. History

Blog01/17/2020

The repeated failure of prohibition may be just the catalyst that Austrian economics needs to gain traction with the American public.

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Luck and Taxes

Philosophy and Methodology

Blog01/17/2020

Some argue that someone’s superior talent or success is itself the result of mere luck. That claim, and its relevance as a justification for redistribution, has generated much controversy.

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