Mises Wire

The Myth of "Economic Power"

Blog09/07/2019

“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.

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Do Consumers Know What's Best for Them?

Value and Exchange

Blog08/31/2019

The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.

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Keynes and the Reds

BiographiesWorld History

08/30/2019The Free Market
If Keynes was such a model champion of the free society, how can we account for his peculiar comments, in 1933, endorsing, though with reservations, the social "experiments" that were going on at the time in Italy, Germany, and Russia?
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Rothbard and War

War and Foreign Policy

Those who believe in the free and unhampered market economy should be especially skeptical of war and military action. War, after all, is the ultimate government program.

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The Myth of Good Government

Free MarketsGlobal EconomyOther Schools of Thought

08/24/2019Mises Daily Articles
One of the great and most persistent errors of classical liberals is to believe in "good government," a government that does "what it is supposed to do." But no state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will...
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The Impossibility of Equality

Blog08/21/2019

Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality.

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The Problem of Immoral Choices in the Marketplace

Bureaucracy and Regulation

Blog08/15/2019

Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.

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The Triumph of Socialism

World HistoryHistory of the Austrian School of EconomicsOther Schools of Thought

08/13/2019Mises Daily Articles
Things might have been much worse were it not for the efforts of a relative handful of intellectuals who have fought against socialist theory for more than a century. Without them, it might have been 99% in support of socialist tyranny.
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