Mises Wire

The Fraudulent Social Contract of Bad Money Regimes

The FedInflationMoney and Banks

Blog6 hours ago

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.

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A Cliché of Socialism: Under Public Ownership, We the People Own it!

Free MarketsProperty RightsSocialism

Blog9 hours ago

Proponents of socialism claim that it promotes ownership "by the people." Yet the people that actually control resources and production are not the same people who allegedly are the "rightful owners" in society

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It's All about the Benjamins: Why the Dollar Determines US Policies

Central BanksInflationMonetary PolicyWar and Foreign Policy

Blog10/06/2022

The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.

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How to Do Economics

Blog10/05/2022

Sound economic reasoning highlights a major difference between social sciences and the natural sciences. We cannot rely on observation and measurement to gain understanding of social phenomena.

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Hazlitt's Lesson Restated: New Jersey's Disastrous Ban on Single-Use Plastic

Bureaucracy and RegulationThe Environment

Blog10/05/2022

Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead.

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An Economic Perspective on Accusing Political Opponents of Racism

AntipoliticsDemocracy

Blog10/05/2022

A winning political strategy, especially among Democrats, is to accuse their political opponents of racism, or at least "closet" racism. Yet simple economic analysis shows such accusations are illogical.

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The Front Lines of the Language Wars

LiberalismPhilosophy and Methodology

Blog10/04/2022

Language is at the front lines of the battle over institutions.

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Government Malinvestment Is Endemic and Ceaușescu's Socialist Romania Excelled in It

SocialismThe Police State

Blog10/04/2022

The former Romanian dictator Nicolae Ceaușescu not only arrested and murdered political opponents but also misdirected vast sums of money toward socialist schemes that failed, leaving Romanians even worse off.

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