Mises Wire
Get Ready for Passport “Globalization”
There are two new trends in passports. One is toward a single global issuer of passports. The other is toward "citizenship by investment."
The Political Left’s Shmoo Theory of Education
The bias in favor of "education" is a bias in favor of the opinions of the intellectual classes: it is a devotion to the status quo.
Top Ten Most-Read Mises Wire Articles in 2016
Of all the great articles we published this year, here are the Top Ten most read on Mises.org.
Negative Interest Rates: How Low Can They Go?
Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.
Individualism and Civilization
This doctrine and the policies of individualism and of capitalism do not need any apologists or propagandists. The achievements speak for themselves.
Central Bankers Are Losing Faith in Their Own Alchemy
In his new book, central banker Mervyn King sometimes sounds like Murray Rothbard. But in the end he continues the problem of central banking control.
How Interest Rates Affect Time Preference — and Vice Versa
A general increase in price inflation, resulting from increasing money supply and a fall in real wealth, will lead to a general rise in interest rates.
Mises on the Myth of Marx
The Economist gets it right. In a new review of Marx they argue that "the myth is more impressive than the reality."
How Government Regulation Makes Us Poorer
What hurts workers — and keeps them poor — is government regulation, which restricts competition.
