The Great Society: A Lesson in American Central Planning
In the 1960s, politicians and bureaucrats had nearly unbounded faith in the ability to plan a nearly perfect society. Things didn't turn out as they had planned.
Mises Wire
The Importance of Economic Theory in Understanding Historical Data
"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."
The Incorporation Doctrine Broke the Constitutional System
It's a mistake to think freedom is protected by having the Supreme Court declare what is "constitutional," thus imposing centralized federal law on all the states.
Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
Free the Liquor Stores!
Free the liquor stores to sell what products they want, what days of the week they want, what hours they want, and to whom they want.
Why GDP Metrics Won’t Tell Us Much about the Post-COVID Recovery
GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.
Governments Have Crippled the World’s Economies. Revolution May Soon Follow.
Mises knew: “Mass unemployment destroys the moral foundations of the social order. The young people…forced to remain idle, are the ferment out of which the most radical political movements are formed."
Riots: Not Fun nor Profit for the Rest of Us
Riots are not the answer to police abuse. The answer lies in making drastic reforms to how police agencies function, up to and including privatization. Contrary to the popular narrative, it's not just nonwhites who are in danger. We're all targets of the state's enforcers.
Three Ways Law Enforcement Must Be Reformed Right Now
End immunity. End police unions. End the drug war.
Why It’s Rational to Fear Cops
Not all (or even most) police are needlessly violent. But it is rational to conclude, upon seeing a person in a police uniform, that this person can—if he wishes to—abuse his power with near impunity.
