Mises Wire

How Historians Changed the Meaning of "Liberalism"

Political Theory

Blog07/02/2020

Liberalism was the most popular and influential ideology during the nineteenth and early twentieth century. So, every new socialist and authoritarian movement defined itself as "liberal" to capitalize on liberalism's popularity and importance.

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How the Monopoly Power of Police Agencies Encourages Abuse

StrategyThe Police State

Blog06/22/2020

Whether or not race is a factor, the monopoly power enjoyed by police agencies (and other government agencies) creates the conditions likely to lead to more abuse of power.

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How the Police Arbitration System Shields Police from Accountability

Blog06/17/2020

Legal arbitration only makes sense when all parties involved voluntarily enter into a contract. With police arbitration, the public has no seat at the table. It's a system designed to protect police only.

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How We Might Respond to a Pandemic Were Society Not So Dominated by the State

HealthStrategy

Blog05/26/2020

The state currently enjoys a vastly unbalanced share of the power within a society, such an arrangement is not in any way preordained, and the assumption that it must be betrays a narrowness of vision and a lack of historical knowledge.

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How Government Intervention Triggers Depressions

Business CyclesMoney SupplyProduction Theory

Blog05/21/2020

Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us.

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How Modern Economics Has Lost Its Way: It's All About the "Unseen"

Bureaucracy and RegulationValue and Exchange

Blog05/19/2020

The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized."

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Hacksawing the Economy: How Lockdowns Are in the Tradition of Civil War Surgeons

Big GovernmentU.S. History

Blog05/19/2020

Hacking off soldiers' limbs was a favorite technique of Civil War surgeons, largely because doctors wanted to avoid blame for later cases of gangrene. So doctors erred on the "safe" side. Many patients may have disagreed.

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How Words Like "Essential" and "Need" Are Abused by Politicians

Economic FreedomSocialism

Blog05/18/2020

We live in an age when politicians decide what is "essential" and what isn't. It's a grave abuse of power and common sense.

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