Mises Wire

How Chile's Protesters Get Inequality and Poverty Wrong

Economic FreedomGlobal Economy

Blog3 hours ago

Allowing the market to operate with minimal government intervention has helped Chile become one of the freest and wealthiest countries in South America, especially when compared to its direct neighbors.

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Some Problems with Worker Productivity Stats

Philosophy and MethodologyPrices

Blog8 hours ago

Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.

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Money, Inflation, and Business Cycles: The Cantillon Effect and the Economy

Book ReviewsInflationMoney and BanksCantillon

02/17/2020Quarterly Journal of Austrian Economics
Professor Arkadiusz Sieroń has written an important new book on the Cantillon effect, indicating that the effect of new money on the economy depends on where it is injected.
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Bernie Sanders's Long History of Pushing Government Takeovers of Private Markets

Price ControlsProgressivismSocialism

Blog02/17/2020

The term "socialism" properly refers to government ownership of industry and service providers. In this respect, Bernie Sanders has a long record of proving he's a true socialist.

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Social Security Is a Terrible "Investment"

Taxes and Spending

Blog02/17/2020

Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.

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Socialism: A Brief Taxonomy

Socialism

Blog02/15/2020

From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.

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Coerced Confessions: How the Plea Bargain Replaced Physical Torture

Legal SystemThe Police State

Blog02/15/2020

When the government created public police forces one hundred years ago, they often relied on torture to extract confessions. But now they have new methods: threatening to pile on new charges until the defendant takes a plea agreement.

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3 Reasons Why More Secession Means More Freedom

Decentralization and SecessionEconomic FreedomGlobal Economy

Blog02/15/2020

Antisecessionists insist that radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.

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