Mises Wire

Taking a Stand for "the People" Usually Means Hurting Actual People

Bureaucracy and RegulationProtectionism and Free TradeTaxes and Spending

Blog10/08/2019

Tucker Carlson insists that capitalism is just a "tool" that governments can regulate and manipulate so as to better serve "the people." In practice, this just means one group of "the people" uses government policy to enrich themselves at the expense of others.

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The Economics of Prison Gangs

Blog10/05/2019

As the US prison population grew, prisoners turned to larger organizations — such as prison gangs — to provide services and maintain order in prisons.

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Two Views on Social Order: Conflict or Cooperation?

Free MarketsOther Schools of ThoughtPhilosophy and Methodology

10/02/2019Mises Daily Articles
There are two clear and present dangers to liberty. One is known as the Left, and the other is the Right. They seek to use government to mold society into a form they seek, rather than the form that liberty achieves if society is left on its own.
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The Difference Between Regulated Markets and Free Markets

Free MarketsInterventionism

Blog10/02/2019

What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.

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The Bitcoin Standard

Gold StandardMonetary TheoryMoney and Banking

10/01/2019Audio/Video
Saifedean Ammous explains why Austrian economics helps us understand Bitcoin, and how Bitcoin can help us understand Austrian economics.
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The US Dollar Beast

Money and BanksMoney and Banking

Blog10/01/2019

Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.

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The State as a Voluntary Institution: A Critique

Blog09/30/2019

We often hear that various government policies are justified because "the people want" this or "we want" that. This belief assumes that dissenting minorities don't matter at all. "We want" is usually nothing more than rank majoritarianism.

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The Ethics of Externalities

Free MarketsPhilosophy and Methodology

09/28/2019Mises Daily Articles
According to the usual justification for government regulation of externalities,almost everything we do is ripe for regulation. Even worse, regulators never admit their prohibitions prevent an incalculable number of positive externalities.
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