Mises Wire

The "Public Goods" Excuse for Big Government

Blog09/05/2019

We can't just assume "public goods" like national defense benefit everyone. They come with real costs, and all the "services" that fall under the category of national defense are certainly not of equal use or benefit.

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The F-35: A $1.5 Trillion Boondoggle

One reason Congress keeps throwing money at the F-35: There are 1,400 subcontractors for the F-35 program, spread out over 307 congressional districts in 45 States.

09/02/2019Power & Market
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The 100-Year Bond is Unethical

Money and BanksU.S. Economy

Blog08/31/2019

100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.

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The Hidden Tax in Central Banks' Low-Interest Policy

Money and BanksMoney and Banking

Blog08/28/2019

The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.

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Tom Woods Probes the Origin Story of Bob Murphy

Biographies

08/26/2019Audio/Video
Bob Murphy explains how he got into Austrian economics and libertarianism.
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The End of Marxian Exploitation Theory

SocialismHistory of the Austrian School of EconomicsPhilosophy and Methodology

Blog08/26/2019

Even Marx was forced to admit that workers were not being paid at subsistence levels, and that capitalism led to a rising standard of living for workers. So in order to save his theory, he redefined the concept of subsistence.

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