Mises Wire

This Is a Weak Jobs Recovery

Labor and Wages

Blog07/09/2021

The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates.

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The Electoral College as a Restraint on American Democracy: Its Evolution from Washington to Jackson

U.S. History

Blog07/08/2021

The growth of political parties and interest group politics, and the promotion of democracy as a fundamental principle of American government, all came as a result of the move to popular voting for president. 

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The Phillips Curve Myth

Money and Banks

Blog07/08/2021

Those analysts that insist on following the Phillips curve in order to ascertain the future course of the momentum of prices of goods are deceiving themselves.

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The Global Minimum Corporate Tax Exposes the G7's Hypocrisy

Global Economy

Blog07/03/2021

The G7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves. 

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The American Revolution and Classical Liberalism

U.S. History

Blog07/03/2021

We can now see that the rapid growth of the libertarian movement in the 1970s is firmly rooted in the legacy of the American Revolution. But if this legacy is so vital to the American tradition, what went wrong?

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The Fed's Power over Inflation and Interest Rates Has Been Greatly Exaggerated

Booms and Busts

Blog06/30/2021

Because of past easy-money binges, the pool of wealth may be declining just as prices are increasing. And we're likely to see upward pressure on interest rates. This is bad news, and shows the limits of the Fed's power. 

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The Tyranny of the Minority Is Just as Dangerous as the Tyranny of the Majority

Free MarketsPolitical Theory

Blog06/30/2021

We should be quite skeptical when states impose the opinion of minority groups on the majority through special programs in schools and elsewhere. Such programs likely involve “positive discrimination” against particular groups, consistent with state objectives.

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