Mises Wire

There Is No Chinese Economic Miracle

Economic PolicySocialism

Blog4 hours ago

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

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The Problem of Measuring the Utility Gained from Taxes

Philosophy and MethodologySubjectivismValue and Exchange

Blog5 hours ago

Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another. 

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Thanks to Lockdowns, American Big Cities May Not Be Worth the Trouble Anymore

Media and CultureU.S. History

Blog9 hours ago

Without the culture, the life, the hum, and the energy of the city, without the shopping and walks, the theater or a ball game, city life now has all of the costs and none of the comforts.

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The Wisdom of Walter Williams

Blog10 hours ago

"My definition of social justice: I keep what I earn and you keep what you earn. Do you disagree?...how much of what I earn belongs to you—and why?"

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The Right to Own a Gun Isn't Just for Americans


Private firearms ownership decentralizes coercive power, transferring some of it from the state to the private individual. Naturally, political regimes oppose this. But even many non-Americans embrace private arms. 

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Taxation and Forced Labor


Not only is taxation theft, but by taking away part of the money you earn, the government is forcing you to work for it.

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Those Who Fear Disease Most Are Most Likely to Prefer Authoritarian Regimes

HealthPolitical Theory


Researchers have suggested for years that "pathogen prevalence" can be used to predict the public's embrace of despotism.

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The Impossibility of "Taxation with Representation"

Taxes and SpendingPolitical Theory


The slogan "taxation without representation" implies that taxation with representation is both possible and moral. But the idea of political representation is fraught with errors.

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