The EU’s Latest Screw-You to the UK Shows a Big Problem with Trade Agreements
Most "free trade" agreements are really just ways to expand the regulatory state and rob the consumers of the benefits they might have gotten from actual free trade.
Mises Wire
The Entrepreneurial Advantages of Building Human Capital While Young
Everything you learned from family dinner conversations and your culture served to build your human capital. Across the globe, the people of various regions cultivate certain skills that enable individuals to consider entrepreneurship as a viable choice of work.
Henry Hazlitt on Longines Chronoscope
Henry Hazlitt cohosted the CBS series Longines Chronoscope from June 16, 1952. The series ran from 1951–55 and featured notable people of the time.
Four Reasons Inequality Isn’t What You Think It Is
Markets are not the enemy of equality. Regulated markets are. The income inequality that naturally occurs in the free market as a result of human uniqueness is needlessly amplified by restrictive government policies to the detriment of all.
Pete Buttigieg’s Sovietesque Plan for Rural Revitalization
Buttigieg's plan to repopulate depressed rural areas with immigrants reminds one of old Soviet schemes to ship people to Siberia to stimulate the economy there.
Why Wall Street Bankers and Federal Lawyers Hate Michael Milken
Michael Milken was a threat to the complacent Wall Street cartels established by the New Deal. So ambitious prosecutors like Rudy Giuliani saw an opportunity to get in good with Wall Street by taking him down.
Central Banking since the 2008 Financial Crisis
In the wake of the financial crisis of 2008, the Federal Reserve and other central banks around the world adopted new “tools” to influence economic activity in addition to its standard open market operations.
How Fractional Reserve Lending Makes Money Disappear
Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.
Mises and the “New Economics”
Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.
The WTO Is Both Irrelevant and Unnecessary
The World Trade Organization was not the reason global trade was liberalized in past decades. And now, even if such a thing were desirable, the WTO is in no position to force liberalization on countries like the US, China, or India. Thus, the WTO is both unnecessary and irrelevant.
