Mises Wire

Markets Can Give Us Both Greater Income Equality and Greater Economic Growth

U.S. EconomyU.S. History

Blog2 hours ago

The modern norm is that economic growth causes measured income inequality to increase. But to  have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.

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Debunking Income-Inequality Research

U.S. EconomyU.S. History

Blog07/13/2019

Most income inequality stats provide a cloudy and confusing picture of the real situation. Even worse, these stats are used to justify a wide variety of tax hikes and government interventions.

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Diktat 1919: The Versailles Treaty As Dictated Peace

World History

Blog07/01/2019

Unlike the Versailles peace, which failed horribly, the successful episodes of peacemaking — Westphalia, Vienna, and even the process that ended World War II — had in common extended multi-lateral negotiations and compromise.

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Review: Austerity: When It Works and When It Doesn’t

Taxes and Spending

06/27/2019Quarterly Journal of Austrian Economics
Mark Thornton reviews Alesina, Favero, and Giavazzi's book, which argues that austerity plans based on tax increases fare much worse than plans based on reducing expenditures.
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Harvard Economics is Changing

06/26/2019Power & Market

Economics at Harvard is changing for the worst.

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Richard Cantillon As a Proto-Austrian

History of the Austrian School of EconomicsMoney and BankingProduction Theory

06/23/2019Audio/Video
Jeff Deist and Mark Thornton discuss the works of one of the fathers of modern economics: Richard Cantillon.
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Three Ways Capitalists Make Workers Better Off

The EntrepreneurLabor and Wages

Blog06/07/2019

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.

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Confronting the Myths about "Arming Teachers"

Decentralization and SecessionLegal System

Blog05/24/2019

There is no evidence that properly trained and armed private citizens would do a worse job than government "law enforcement" personnel in enhancing school safety.

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