Mises Wire

Tate Fegely and Jeff Deist discuss what crime and punishme

1. Let’s Hope Machines Take Our Jobs: We

 Mark Thornton reviews the cases of Portugal and Washington state: have the fears of the prohibitionists been realized?

How the Communist Party of China Bubbles and Tries to Keep Them Afloat

Steven Pinker is well known for his theory that violence (globally speaking) is now at lower levels than its every been, and that this is due to th

Mises had diagnosed these problems long before they became apparent.  In a series of essays written between the two World Wars—but also in Omnipotent Government published in 1944—, Mises showed that in a world where governments interfere in their domestic markets, and with the monetary system, and where (economic) nationalism prevails, it is pointless to hope for any political and economic resolution from supranational organizations. The best these institutions can do is prolong the disastrous effects of government policies, and postpone—though loans and bailouts—their inevitable collapse.

A few hours ago, a Greek minister for administrative reform,

European integration supposedly represented the end of nationalist tensions—and the dawn of a new era for a continent still deeply shaped by two wars. The Eurozone supposedly bolstered economic power and prosperity, harnessing the trading power of several nations into one competitive superstate. And the Euro supposedly created a currency that would rival the dollar as a global force.