Mises Wire

Victories against the drug war have all come first at the local level, and only then does the national government slowly back off its drive to dictate to Americans what they can eat or smoke.

John Locke was ridiculed for suggesting that people "consent" to their government by not emigrating. Hume suggested this theory could be used to claim consent for even the most outrageous tyrants.

Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.

Brazilian authorities here are discontented with our rising skepticism of the state — and they are willing to silence the dissidents.

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.

Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.

Progressives like John Kenneth Galbraith no longer heap praise on China, given that it long ago abandoned Mao’s austere communism. Instead, modern progressive economists like Joe Stiglitz save their acclaim for the economies of places like Cuba and Venezuela.

Tory MPs vying for the Prime Ministership mostly all vote alike on taxes and foreign policy. So only the issue of Brexit separates the bad from the very bad candidates.

Fewer than half the homicides in the US end with a conviction in court. The rate for other violent crimes is even worse. Meanwhile, 80 percent of arrests are for petty offenses.

These books and authors offer a more realistic view of the moral problems with the American state‘s conduct in “the good war,” World War II.