Mises Wire

Have Free-Market Economists Conquered the World?

U.S. History

Blog10/14/2019

Both left and right now repeatedly push a myth: the myth that governments have been taken over by laissez-faire hard-core free-market economists who have turned the world into a landscape of untrammeled capitalism.

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Neurosurgery, Health Policy, and the Free Market: A Conversation with Richard Menger

Health

10/14/2019Audio/Video
Can a graduate of the Harvard Kennedy School hold on to free market principles? Accad and Koka discuss health policy and economics with neurosurgeon Dr. Richard Menger.
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The Mythology of the "Natural Interest Rate"

Money and BanksMoney and Banking

Blog10/14/2019

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

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Why "Worker Exploitation" Is a Myth

Labor and Wages

Blog10/14/2019

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

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Is Protectionism Patriotic?

Blog10/14/2019

Conservatives tell us that we must move beyond the idea of allowing people to trade freely in the marketplace. "Patriotism" is the true measure of economic policy, and that requires higher taxes, more government spending, and a powerful state.

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Central Banks Are Just Getting Warmed Up

Blog10/12/2019

Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.

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The World's Least-Free Countries Reveal Just How Much "Socialism Sucks"

Blog10/12/2019

When socialists held up Venezuela in the 2000s, the message was, ‘See, we told you so; socialism works!’ but when failure happened, the message changed to, “No, wait — that’s not real socialism!’

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