Mises Wire

Why the Economy Isn't Controlled by One Big Corporation

SocialismCalculation and KnowledgeMonopoly and Competition

Blog8 hours ago

Why don't corporations just get bigger and bigger until they take over the whole economy? Unlike states, firms aren't necessarily better off as they get bigger.

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Why There is No Such Thing as an Exploitative Monopoly in a Free Market

Cronyism and CorporatismProtectionism and Free TradeMonopoly and Competition

Blog10/26/2020

What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.

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Will Democracy’s Myths Doom Liberty?

Blog10/23/2020

If Biden is elected, we will hear the same “redemption” storyline that was trumpeted when Obama replaced (temporarily) disgraced George W. Bush. The  media will insist that Biden's inauguration purifies Uncle Sam.

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Why Racism Can't Explain Europe's Drive for Conquest and Colonial Power

World History

Blog10/22/2020

Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism.

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Why Slave Economies Thwart Entrepreneurial Innovation

CapitalismU.S. HistoryWorld History

Blog10/15/2020

In a slave economy, slave owners seek technological innovations that make slave labor more productive. But they also place inefficient and artificial limits on innovations that might change the established social order.

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Why There's So Much Confusion over What "Inflation" Means

Blog10/13/2020

Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.

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What "Experts" Miss about Economic Inequality

Price ControlsMonetary PolicyPoverty

Blog10/08/2020

Many of the "solutions" peddled by today's experts are more likely to increase wealth inequality than decrease it.

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Why "Taxing the Rich" Doesn't Make Us Better Off

Blog09/28/2020

Because the rich generally save and invest more of their income than the less wealthy, they are the primary builders of the pool of available capital. Taxing away their incomes means less capital for everyone.

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