Mises Wire

In his Economic Viewpoint memo yesterday, Brendan Brown,  Executive Director and Chief Economist of Mitsubishi UFJ Securit

A Bulgarian translation of Democracy: The God That Failed is now available.

I thought this photo (below) from July 2015 did an especially good job of capturing the camaraderie between Joe and his

Capitalists generally think in terms of future earnings, and future value of investments often helps determine the present value. Hillary Clinton, however, has decided to achieve her short-term election goal by hectoring capitalists for thinking too much about the short term.

Yes, jobs will be destroyed by innovation, as they’ve always been, but it doesn’t mean we’ll run out of jobs. New ones will be created as new technologies are developed, engineered and maintained. And, overall, these will be better, more high-skilled jobs. The agriculture industry provides a case in point.

The online tech and science magazine Verge recently published an essay on the economic and political impact of disruptive ride-sharing startup Uber: Uber can't be stopped. So what happens next? Whereas one might expect an online tech magazine like Verge, itself part of a wave of disruptive publishing efforts, to be optimistic about innovative tech initiatives, the essay offers a surprisingly bleak, pessimistic, and politicized “analysis.”

Apparently, Verge sees mostly problems with Uber’s challenging of the privileged and guild-based taxi business.

Connecticut has introduced a new death tax. But for some reason, a blatant cash grab like this is never "greed" when a government uses violence to seize wealth. It's only greed when private sector actors want more money.

Three months ago, the CEO of Gravity Payments, a Seattle credit card processing firm, announced that all of the firm’s employees would be paid a minimum of $70,000 a year. Now, the firm has fallen on hard times.

Boston joins a growing number of cities where the taxpayers decided they didn't want to deal with the massive costs of hosting the Olympic games. As a bastion of crony capitalism, however, the games are still quite popular among politicians and business "leaders."

Bernie Sanders says immigrants are "taking our jobs" and that the state must act to "help [American] poor people." Predictably, Sanders's "solution" is to give more power to the same government that has created the very problems Sanders identifies with too much immigration.