Mises Wire

Is the Monopoly Board Game Like Real Markets?

Economic FreedomFree MarketsMedia and CultureEntrepreneurship


Many people believe that the board game Monopoly, developed during the Great Depression, mimics a real-world capitalist economy. Monopoly is a game, not real life.

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Inflation Is a Giant "Skim" on the American People

Corporate WelfareInflationMoney and BanksU.S. EconomyU.S. History


Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.

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Is Boycotting Target a Legitimate Protest or an Act of Terrorism?

Cronyism and CorporatismPoliticsProgressivismStrategy


According to progressive elites, it is terrorism if consumers boycott businesses because of their leftist policies.

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Is Secondhand Smoke Bad, or Is It a Public Good? It’s Complicated

Bureaucracy and RegulationProperty Rights


The usual answer is that secondhand smoke is bad. But if value is subjective, perhaps secondhand smoke also can be seen as a public good.

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Is Social Justice the Progressive Equivalent of Rent-Seeking Behavior?

Big GovernmentMedia and CultureProgressivism


Rent seeking is a popular term used in economics to describe the behavior of firms trying to gain something from the government. Time to expand the definition.

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Is the Banking Crisis Being Orchestrated?

Bureaucracy and RegulationEconomic PolicyThe FedMoney and BanksU.S. Economy


With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.

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It’s Raining Entrepreneurship at a Taylor Swift Concert

Economic FreedomThe EntrepreneurEntrepreneurship


While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.

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Is the US Banking Crisis Over? It Has Barely Begun

Booms and BustsThe FedMoney and BanksU.S. Economy


Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.

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