Mises Wire

Cash prizes of $1,500, $1,000, and $500 will be awarded to the top three papers.

Some politicians are sure that even average Americans are working more grueling hours than ever. On average we have more leisure time than ever now, and working hours are down over the past 20 years.

Despite the IMF’s claims to the contrary, the case of Sweden actually shows that a political “solution” to climate change is ineffective.

As the government continues to pile up trillion dollar deficits, when interest rates return to a historical norm, interest payments on the national debt may exceed payments to Social Security recipients.

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.

Many entrepreneurs go into the marketplace with romantic and abstract notions of how markets work. But there's nothing romantic or abstract about the losses incurred by failed entrepreneurs. 

Abenomics, Japanese Keynesianism on steroids, has made the rich richer, and all others poorer. 

The whole point of zoning is to limit freedom in the development of new housing options. As a result, housing is more expensive, and the consumers are more poorly served.

A lobbying group in Canada is demanding home-sharing services like Airbnb face stiffer government regulation. Activists claims its all for "the community." But huge corporate hotel firms are the only ones likely to really benefit.