Mises Wire

Henry Ford Did More for Workers than Unions Did

Labor and Wages

Blog01/06/2020

Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.

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Bernie Sanders Wants to Kill Pro Baseball

Corporate WelfareMedia and CultureU.S. History

Blog01/02/2020

Major league baseball wants to cut back the minors in order to cut losses. But Bernie Sanders has other plans that may ultimately help kill pro baseball.

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George Bailey, Capitalist Hero

Media and Culture

Blog12/25/2019

In It's a Wonderful Life, George Bailey was right to oppose Old Man Potter. Potter's fondness for the draft board and his attempt to use the DA to crush his adversary shows Potter had little regard for truly voluntary exchange.

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Desocialization of Enterprises: Empowering Venezuelans

SocialismPrivate Property

11/26/2019Quarterly Journal of Austrian Economics
How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.
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The Dark Side of the American Dream

Media and Culture

Blog11/22/2019

Paul Cantor's new book provides a new look at how the "American dream" is shown in pop culture as offering both hope and frustration.

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Budget Deficits, not "Neoliberalism," Are To Blame for Argentina’s Crisis

Blog11/14/2019

Socialists contend that Argentina's economic woes were caused by too much "neoliberalism." Yet not even Argentina's alleged neoliberal president Macri did anything to implement any significant reforms in the direction of free markets.

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The Austrian Theory of Efficiency and the Role of Government

11/09/2019The Journal of Libertarian Studies
If one starts with a different view of efficiency and market optimality than the accepted notion of perfect competition then an entirely different set of conclusions relative to government intervention can be reached.
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Chilean Protesters Claim Inequality Made Them Do It

Global Economy

Blog10/31/2019

It's hard to see how burning subway cars and torching businesses will reduce inequality in Chile. But the protestors there claim their violence is justified by the fact some people are richer than others.

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