Mises Wire

While repealing laws and police reforms are important in alleviating mass incarceration, the problem is likely to continue as long as prosecutors are permitted to operate with so few constraints.

The whole episode shows the folly of top-down political solutions to social challenges.

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.

How many people peak after 60?

When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.

In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.