Mises Wire

The Recovery Is Stalling. We Need Pro-Market Reforms Now.

Free MarketsMonetary Policy

Blog10/14/2020

Politicians have ignored the threat to small businesses that are failing not because their owners used the wrong strategies, but have been destroyed by the misguided and ineffective forced shutdown.

Read More

The Great Barrington Declaration: A Few Words of Caution

Big GovernmentHealthPolitical Theory

Blog10/14/2020

Although the recommendations of the Great Barrington Declaration would be an improvement over the status quo, the declaration grants far too much power to the state to act in pursuit of an alleged "common good."

Read More

Pandemic Follies: Tyranny Won’t Keep Us Safe

Big GovernmentHealth

Blog10/13/2020

Because politicians have no liability for the economic damage they inflict, they have no incentive to minimize the disruptions they decree.

Read More

Why There's So Much Confusion over What "Inflation" Means

Blog10/13/2020

Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.

Read More

Setting the Record Straight on Income Inequality

Blog10/12/2020

Growing material propserity does not require equality. In fact, equality has nothing to do with building a system that benefits workers and the poor.

Read More

"Build Back Better": Why Are Both Biden and Boris Now Using This Phrase?

Blog10/12/2020

The fact Boris Johnson and Joe Biden are both using the phrase "build back better" is bad news. It's a phrase pioneered by groups twisting the covid-19 pandemic into a pretext for extreme “green” policies.

Read More

A Critique of the Labor Theory of Value

Prices

Blog10/10/2020

In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.

Read More

Japan Embraced Debt as a Way out of Its Budget Crisis. It's Not Working.

In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.

Read More
Shield icon wire