Mises Wire

The Entrepreneurial Advantages of Building Human Capital While Young

The EntrepreneurMedia and Culture

Blog02/26/2020

Everything you learned from family dinner conversations and your culture served to build your human capital. Across the globe, the people of various regions cultivate certain skills that enable individuals to consider entrepreneurship as a viable choice of work.

Read More

The EU's Latest Screw-You to the UK Shows a Big Problem with Trade Agreements

Protectionism and Free Trade

Blog02/26/2020

Most "free trade" agreements are really just ways to expand the regulatory state and rob the consumers of the benefits they might have gotten from actual free trade.

Read More

Four Reasons Inequality Isn’t What You Think It Is

The EntrepreneurPovertySocialism

Markets are not the enemy of inequality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.

Read More

Central Banking since the 2008 Financial Crisis

The Fed

Blog02/25/2020

In the wake of the financial crisis of 2008, the Federal Reserve and other central banks around the world adopted new “tools” to influence economic activity in addition to its standard open market operations.

Read More

Pete Buttigieg's Sovietesque Plan for Rural Revitalization

ImmigrationPovertySocialismTaxes and Spending

Blog02/25/2020

Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.

Read More

Why Wall Street Bankers and Federal Lawyers Hate Michael Milken

Corporate WelfareCronyism and CorporatismFinancial MarketsLegal System

Blog02/25/2020

Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.

Read More

The WTO Is Both Irrelevant and Unnecessary

Blog02/24/2020

The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.

Read More

Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

Read More
Shield icon wire