Mises Wire

Wall Street Outsiders versus the Hedge Funds

Financial Markets

Blog02/02/2021

When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.

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Why Social Media Takes a "Ban First, Ask Questions Later" Approach

Media and CultureMonopoly and Competition

Blog02/02/2021

As more people get censored or removed from the platform, more prominent voices seek out alternatives that are in the more early stages and don’t censor as heavily. Fragmentation starts to make the service less useful and interesting rather than being a source of affirmation and good feelings.

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What Rights Do Future Generations Have?

The EnvironmentPhilosophy and Methodology

Blog01/29/2021

Many say economics must focus on preserving resources for distant future generations. They say climate change is why. That's may seem convincing in the abstract, but we soon learn how hard it is to predict future needs, and to ignore present ones. 

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When Biden "Creates Jobs" Look for the Hidden Costs

Taxes and SpendingU.S. History

Blog01/29/2021

"Jobs programs" never create new wealth. They only redirect wealth and resources from other sectors of the economy. The cost to those other sectors is often very high. 

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What to Expect from Bidenomics

Taxes and Spending

Blog01/27/2021

In order to prevent the economy sinking into a lasting state of stagnation, what is required is to reduce both government spending and government regulation, and to rein in the Fed.

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Why the Utes Opposed Biden's Plans to Limit Oil Drilling

Decentralization and Secession

Blog01/27/2021

This week's clash over federal attempts to control tribal drilling rights highlights the importance of tribal sovereignty in limiting federal power. 

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With Biden, Get Ready For More "Regime Change"

War and Foreign Policy

Blog01/25/2021

Yes, Senator Paul is right. "Regime change" doesn't work. Buckle up, as incoming Senate majority leader Schumer advised, there's a whole lot of interventionism in the queue.

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Why Americans Abandoned Smuggling in Favor of Lobbying and Welfare

U.S. History

Blog01/23/2021

Colonial America was a society of smugglers and scofflaws who regarded government regulations as worthy of contempt. Twenty-first century America is quite different. 

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