Mises Wire

The standard Austrian approach to air pollution and regulation rejects the bean-counting of winners and losers, and instead embraces a property rights approach.

Given the ongoing growth of government taxation, spending, and regulation, it should be abundantly clear that we are hardly living in an age of "market fundamentalism" as so many leftists and conservatives claim.

Proponents claim intellectual property laws are necessary to promote scientific and artistic innovation. Empirical evidence suggests the opposite is true. 

It's hard to see how burning subway cars and torching businesses will reduce inequality in Chile. But the protestors there claim their violence is justified by the fact some people are richer than others.

There's nothing necessarily wrong with social shunning and ostracization used against those who seek to destroy others through lies and media manipulation.  

 The reason PG&E can get away with such outrageous mismanagement is that the California government literally guarantees them their business.

What would Mises think about the current state of the liberal project he laid out 100 years ago?  

The more widespread social programs become, the more they tend to undermine the social interactions and exchanges necessary to build wealth. 

The high cost of living in California — fueled by government regulations and taxes on the middle class — means the state now has some of the worst poverty and homelessness of any state.

During September 2019, year-over-year growth in the money supply was at 3.10 percent. That's up from August's rate of 1.85 percent, and was down from September 2018's rate of 4.38 percent.