Mises Wire

The Lost Fifth Volume of Conceived in Liberty

03/25/2019Mises Wire
Murray Rothbard was a genius. One aspect of this was his writing as an American historian. He was every bit as significant a scholar here as he was as an economist and philosopher.
Read More

The High Cost of Mandatory Paid Parental Leave

Bureaucracy and RegulationLabor and Wages

Blog03/25/2019

Mandatory parental leave imposes costs on employees who don't qualify for leave, and on the employers themselves — driving down demand for workers, and raising unemployment. 

Read More

The Data Don't Speak for Themselves

Blog03/23/2019

Problems with data are yet another reason why empirical science is never “settled.”

Read More

The "State of Nature" Is a State of Poverty

World HistoryHistory of the Austrian School of EconomicsInterventionismOther Schools of Thought

03/23/2019Mises Daily Articles
There is a persistent myth that capitalism has destroyed what would have been a natural abundance and peace of mind. Yet nature does not generate abundance or peace. The characteristic mark of the "state of nature" is irreconcilable conflict.
Read More

The Fed Has Given Up: Get Ready for More QE

Blog03/21/2019

The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.

Read More

The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly Journal of Austrian Economics
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
Read More

The Trouble With Socialist Anarchism

03/19/2019Mises Daily Articles
Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a "capitalist lackey" than anarchist thinker.
Read More

The Problem with Modern Monetary Theory

Money and BanksMoney and Banking

Blog03/19/2019

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

Read More
Shield icon wire