Mises Wire

The Hidden Costs of a Universal Basic Income

Labor and Wages

Blog10/10/2019

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

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Paleolithic People Were Not Primitive Communists

SocialismProduction Theory

Blog10/10/2019

Assuming that some groups of foragers indeed practiced "primitive communism," they would have died out because they had lost the fierce competition with the more economically viable "libertarian" tribes. Communism has never appeared spontaneously and "naturally" in the history of mankind.

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The End of Socialism and the Calculation Debate Revisited

SocialismStrategyCalculation and KnowledgeInterventionism

10/09/2019Review of Austrian Economics, Volumes 1-10
The Soviet Union in 1991 was dissolved. Murray Rothbard explains what led to the economic collapse.
Formats

rae5_2_3_2.pdf

PDF icon PDF (1.63 MB)
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Powell Lied: Quantitative Easing Is Back

The need to inject more than 270 billion US dollars into the short-term money market teaches us that liquidity is much lower than the Federal Reserve estimated and the agents’ debt much greater.

10/09/2019Power & Market
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The Return of Hyperinflation in Zimbabwe

Money and BanksInterventionismPrivate Property

Blog10/09/2019

As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.

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Tough Questions for Conservatives

Philosophy and MethodologyPolitical Theory

10/09/2019Audio/Video
Bob Murphy asks a series of tough (but fair, he hopes) questions for conservatives, ranging from tariffs to impeachment to drug prohibition.
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Reduced Sentences in Exchange for Lies: A Government Tradition

Legal System

Blog10/09/2019

Governments routinely bribe suspects into accusing others in exchange for reduced sentences. Thus, suspects are willing to say pretty much anything prosecutors want them to. Governments are fine with this.

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Socialism Is the Greatest Threat to the Environment

The EnvironmentFree MarketsSocialism

Blog10/08/2019

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

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