Mises Wire

Pete Buttigieg's Sovietesque Plan for Rural Revitalization

ImmigrationPovertySocialismTaxes and Spending

Blog2 hours ago

Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.

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Why Wall Street Bankers and Federal Lawyers Hate Michael Milken

Corporate WelfareCronyism and CorporatismFinancial MarketsLegal System

Blog7 hours ago

Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.

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The WTO Is Both Irrelevant and Unnecessary

Blog02/24/2020

The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.

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Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

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Abolish Government Schools

EducationCalculation and Knowledge

Blog02/24/2020

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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How Fractional Reserve Lending Makes Money Disappear

Blog02/24/2020

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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The Origins of Nazism

War and Foreign PolicyWorld HistoryPolitical Theory

02/22/2020Mises Daily Articles
Ludwig von Mises explains how the weakened state of German liberalism left the door open to German socialism which paved the way for Nazi ideology.
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When It Comes to Raw Power, Few Have More of It Than Central Bankers

Media and CultureSocialismValue and Exchange

Blog02/22/2020

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

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