Lack of Police Accountability Shows the “Social Contract” Isn’t Working
We're told that we pay taxes in return for government "services." But what happens when the state doesn't keep up its end of the bargain?
Mises Wire
Public Goods, National Defense, and Central Planning
Since national defense is not bought and sold in markets, we can't really know its value or whether there is too much or too little of it.
A Gas Tax Hike Is the Wrong Way to Fund Highways
Using the federal gas tax to fund infrastructure is at best a very blunt instrument, and at worst an invitation to wasteful spending.
How Juan Perón’s Left Populism Destroyed Argentina’s Economy
Some scholars want the Democrats to embrace Perón's policies. This isn’t quite as bizarre as arguing for Venezuelan socialism, but it’s close.
The True Money Supply Is Flashing Red
The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.
What Free-Banking Advocates Get Wrong
Free-banking systems may make bank runs less frequent, but do they prevent credit expansion, artificial booms, and economic recessions?
We Need Bastiat’s The Law More than Ever
The solution to the problem of human relationships is freedom, and it thrives most when the role of government is limited.
A Strong Euro Is A Headache for the ECB
A strong euro is not a problem for any European citizen. But it is a problem for the central bank.
Stop Blaming Mexican Violence on American Guns
It's a myth that most illegal guns in Mexico are from the United States. It's also hard to see how Mexican gun control has helped ordinary Mexicans.
Economists and the Emergence of Antitrust
Economists who believe that there was once a "golden age of antitrust" have never produced any evidence of such an age.
