Mises Wire

Luck and Taxes

Philosophy and Methodology

Blog1 hour ago

In instances where someone’s superior talent has brought him financial success, can’t we easily imagine circumstances that would have derailed his success? Wasn’t he lucky that this didn’t happen? That may well be so, but it does not follow that they are thereby obligated to relinquish the...

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Economist: Your Freedom Is Dangerous Because You Might Set a Bad Example

Philosophy and Methodology

Blog01/10/2020

Why should we think that government officials are better at acting “rationally” than those they regulate? Even if we were to concede that smoking deserves to be restricted, why should we think the government can do it in a reasonable way?

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"Low" Tax Rates Often Mask Much Larger Tax Burdens

Taxes and Spending

Blog01/09/2020

The moral of this economic story is that whenever someone who has an incentive to lowball the burden of a tax is speaking or writing, be careful to look at what happens to take-home income as a better guide to policy.

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Why Paternalists Keep Calling Us "Irrational"

Calculation and KnowledgeOther Schools of ThoughtPraxeology

Blog01/03/2020

Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.

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Is Greater Productivity a Danger?

Free MarketsInterventionism

01/01/2020Mises Daily Articles
It is true that if labor becomes more efficient, workers must find other uses for the time they now have available. But why is this a problem? Human beings have unlimited wants, and there are always new uses for human labor.
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New Year's Resolutions with F. A. Harper

Big GovernmentU.S. History

Blog12/31/2019

"Truth has a power that cannot be touched by physical force. It is impossible to shoot a truth."

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Butler Shaffer, RIP

12/30/2019Power & Market

Butler Shaffer, a major libertarian legal scholar and theorist, died yesterday.

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Why Marx Was against Individual Rights

SocialismPhilosophy and Methodology

Blog12/27/2019

Karl Marx agreed with Rothbard that individual rights lead to inequality. For Marx, though, this was an argument against rights.

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