Mises Wire

How Bad Is It?

Booms and Busts

Blog05/13/2020

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.

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This Giant Monopolist Needs to Declare Bankruptcy and Reorganize

Blog05/09/2020

If organizations like the Federal Reserve and governments were forced to compete in a real economy, they would have been forced to declare bankruptcy, reorganize, and split up into smaller pieces long ago.

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How to Think about the Fed Now

Blog04/15/2020

The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.

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Let's Give Bernie-Syle Socialism a Try in California First

Decentralization and SecessionSocialismTaxes and Spending

Blog03/11/2020

For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.

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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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What Year Did Healthcare Become a "Right"?

Blog02/05/2020

Was healthcare a natural right two hundred years ago? If so, how is it that this "right" to eighteenth-century medicine morphed into a right to MRIs and chemotherapy? Do rights change with technology? That's not how rights work.

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Pseudo-Psychiatrist "Diagnoses" Trump Supporters with Mental Disorders

HealthMedia and Culture

Blog01/25/2020

The great libertarian psychiatrist Thomas Szasz warned that health officials could use their "expertise" to push a political agenda. We're now living in that world.

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