Expect More Instability, Corruption, and Crime from Mexico’s AMLO
What does this sea-change in the political landscape mean for Mexico?
Mises Wire
A Tax on Imports Might as Well Be a Tax on Exports
The Constitutional ban on export duties has always been a hollow victory. Export tariffs are analytically equivalent to import tariffs.
An Open Letter About Anti-Russian Paranoia
Talking about Russian imperialism is the modern version of talking about what fine clothes the Emperor is wearing in that fairy tale.
Three Economics Lessons I Learned from My Dad
Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong
The goal should not be to make quick daily decisions that look like market data — it should be to make correct decisions that are market data.
Trump’s Senseless Trade War with China
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.
All Is Not Well In Financial Markets
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Capitalism: Why Chile Is So Much Richer than Venezuela
Chile has enjoyed strong growth since it shifted to freer markets, especially compared to Venezuela, which is burdened by a vicious form of statism.
Socialized Medicine: An Accounting Perspective
A healthcare system based on profit-and-loss is the only way to progressively improve the price, quantity, and quality of healthcare.
Spending Our Way to a Fiscal Crisis
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
