Mises Wire

A Bookmaker With the Mind of Mencken

Book Reviews

Blog44 min ago

After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”

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The EU-Mercosur Trade Deal and the Lunacy of Protectionism

Global EconomyProtectionism and Free Trade

Blog07/15/2019

The signing of the EU–Mercosur trade agreement constitutes a starting point — but an unholy alliance between protectionist politicians, agricultural lobbyists, and environmentalists may be forming.

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INDIVIDUTOPIA and the Neo-Liberal "Society"

Socialism

Blog07/06/2019

Mises explained how the liberal society does not encourage isolation of individuals. In fact, “there is no conflict of interest between society and the individual, as everyone can pursue his interest more efficiently in society than in isolation.”

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Alabama Expands Law Allowing Private Police Forces — And the Opposition Goes Nuts

Legal System

Blog06/29/2019

If one is concerned about Briarwood’s new private police force, one also ought to be hysterical over pretty much any police force in the United States. But the state seems to get a pass in areas where non-state entities are treated with suspicion.

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The Treaty of Versailles — 100 Years Later

World History

Blog06/28/2019

The Versailles treaty was in many ways an extension of the imperialistic impulses that caused the Great War in the first place. Even worse, it paved the way for World War II.

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It's No Bitcoin: Facebook's Libra Currency Is Tied to Government Currencies

Money and Banks

Blog06/28/2019

Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.

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Government "Accountability" Isn't Real Accountability

Bureaucracy and Regulation

Blog06/28/2019

Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.

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The Righteous Bosses of the New Deal

Booms and BustsU.S. HistoryInterventionismOther Schools of Thought

06/17/2019Mises Daily Articles
In much of America, the New Deal was run by a small number of very powerful political bosses.
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