Mises Wire

The Dark Side of the American Dream

Media and Culture

Blog11/22/2019

Paul Cantor's new book provides a new look at how the "American dream" is shown in pop culture as offering both hope and frustration.

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The Austrian Theory of Efficiency and the Role of Government

11/09/2019The Journal of Libertarian Studies
If one starts with a different view of efficiency and market optimality than the accepted notion of perfect competition then an entirely different set of conclusions relative to government intervention can be reached.
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The Broken Windows of America’s Foreign Policy

War and Foreign Policy

Blog09/11/2019

While it’s easy to see how much we’re spending over there, it’s harder to see what we could be doing with all of those resources if we weren’t creating more problems abroad. We need to transform the way we think about our foreign policy and take Bastiat’s cue to try to “see the unseen.”

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The Problem with Private Prisons Is Not that They Are Private

Blog08/15/2019

Private prisons are private in name only. They are merely adjuncts of the state, and the real problem is these prisons warehouse many people the state should not have put in prison in the first place.

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Tucker Carlson and AOC Are Wrong About Christianity and Usury

Money and BanksWorld History

Blog05/21/2019

Alexandria Ocasio-Cortez thinks Christian theology supports her bill on excessive interest. Her position ignores the actual history of Christian views of usury.

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The Gateway Drug Myth

HealthLegal System

Blog05/17/2019

The Time magazine article creating "the gateway drug" myth in the 1970s provided no citations for its claims, except ambiguous references to unnamed “experts.” The evidence remains elusive 40 years later.

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The Major Contributions of the Scholastics to Economics

EducationFree MarketsGlobal EconomyHistory of the Austrian School of Economics

04/08/2019Mises Daily Articles
The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.
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Thanks to Markets, Mobile Phones Have Been a Game-Changer for the World's Poor

World History

Blog03/12/2019

Thanks to trade and the pursuit of private-sector profits, even the poorest regions of the world have gained access to modern telecommunications at an astounding speed.

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