Mises Wire

War for Hong Kong?

The United States has been trying to provoke China into a conflict for years. But Americans benefit far more from peace with China. We shouldn't fall for the state's latest hate campaign against foreigners.

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Why Abusive Cops So Often Keep Their Jobs

Labor and WagesThe Police State

Blog9 hours ago

When you hear a cop has been fired from his job for some heinous act, be sure to check back a few months later. He may have been rehired thanks to the fact that it's very easy for cops to appeal termination and win.

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Why Socialists Love the Phrase "It's Not Real Socialism"

SocialismPhilosophy and Methodology

Blog06/01/2020

A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."

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What the Failed 55-MPH Speed Limit Law Tells Us about COVID Lockdowns

Big GovernmentHealthMedia and Culture

Blog05/27/2020

Americans were once harangued by government "experts" about the need to slow down on highways in order to save lives. Few listened. Today, laws demanding everyone "stay at home" may suffer a similar fate.

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Why Congressional "Oversight" of the Bureaucracy Is No Such Thing

Bureaucracy and RegulationMedia and Culture

Blog05/27/2020

Neither voters nor politicians watch the bureaucracy very carefully, so they respond as one might expect—advancing their own and their favorites' interests, at the expense of the public they are supposedly working for.

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Why Official Inflation Measures Don't Work

InflationOther Schools of ThoughtPhilosophy and Methodology

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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Why Those COVID-19 Models Aren't Real Science

Bureaucracy and RegulationHealth

Blog05/22/2020

Lord Kelvin once said, “If you cannot measure it, then it is not science” and “your theory is apt to be based more upon imagination than upon knowledge.” This would certainly seem to apply to the many COVID-19 models now used to destroy human rights across the globe.

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Why an Economy Can't Work without Market Prices

Calculation and KnowledgePrices

Blog05/21/2020

Prices determined in the marketplace are absolutely essential to a functioning economic system.  This is no less true if today's property was redistributed unjustly in the past. Market prices today are the path to recovery.

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