Mises Wire

The Myth of Good Government

Free MarketsGlobal EconomyOther Schools of Thought

08/24/2019Mises Daily Articles
One of the great and most persistent errors of classical liberals is to believe in "good government," a government that does "what it is supposed to do." But no state empowered to do what is supposedly necessary will restrain itself to those things. It will expand as much as public opinion will...
Read More

The Hidden Costs Behind Every Government Program

Blog08/24/2019

Governments love to point to stuff they built with your tax dollars. But they never point to all the destroyed wealth and lost opportunities that result from those same programs and policies. 

Read More

The Coming Whiskey Bubble?

Booms and Busts

Blog08/24/2019

Whiskey production depends on investment in highly specific capital, and it requires a long time horizon. It's a textbook case of the sort of industry that's likely to suffer most in case of an economic bust.

Read More

The Freedom to Reject the "Best"

EducationFree MarketsInterventionism

08/22/2019Mises Daily Articles
A central benefit of the marketplace is the ability to choose the products and services that the "experts" tell us are not "the best."
Read More

The Disaster of Negative Interest Policy

Blog08/22/2019

Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.

Read More

The Impossibility of Equality

Blog08/21/2019

Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality.

Read More

The Left Argues Slavery Was an Economic Blessing. Here's Why They Are Wrong.

Labor and WagesU.S. HistoryWorld History

Blog08/20/2019

Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.

Read More

The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

Read More
Shield icon wire