Mises Wire

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stethoscope

Private Medical Care STILL Is a Better Deal Than Government Care

Bureaucracy and RegulationEconomic PolicyFree MarketsHealth

Blog11/24/2023

Americans are constantly told that Europeans have wonderful medical care provided by their governments. In reality, private care is gaining ground because it provides better care and a better deal.

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cooking

How Fossil Fuel Revolutionized Our Kitchens and Our Food

World History

Blog11/23/2023

Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.

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cash falling from sky

Are Businesses Entitled to a Fair Profit?

Corporate WelfareCronyism and CorporatismEconomic Policy

Blog11/23/2023

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

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ai robot head

Can Government Regulate Artificial Super Intelligence?

Big GovernmentBureaucracy and RegulationLawMedia and Culture

Blog11/23/2023

The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake.

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bona

Napoleon: Europe's First Egalitarian Despot

World History

Blog11/22/2023

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power. 

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bag of cash

Today Is the Best Day of the Year to Rob a Bank

The FedLawMoney and Banks

Blog11/22/2023

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.

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Milei crowd

The United States Needs Its Own Javier Milei

AntipoliticsDemocracyEconomic PolicyWar and Foreign Policy

Blog11/22/2023

While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.

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graph with months

Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

KeynesEntrepreneurshipPhilosophy and Methodology

Blog11/21/2023

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.

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