Mises Wire

The Flexner Report and Our Modern Medical Cartel

Bureaucracy and RegulationHealth

Blog06/10/2020

The medical profession has long employed the state to pad doctor salaries and influence. Before the Flexner Report, mechanics made more than doctors and the brightest students avoided the profession to enter the clergy.

Read More

These Protests Don't Threaten the Ruling Party in America's Big Cities

Big GovernmentMedia and CultureThe Police StatePolitical Theory

Blog06/10/2020

The political machines that run America's cities are likely to keep running them when these protests and riots end. Taxpayers will be worse off, but politicians will be even more powerful.

Read More

Economic Collapse Has Turned Many Europeans against the EU

Central BanksDecentralization and Secession

Blog06/09/2020

Ironically, the economic collapse in Europe has united both the poor and rich members of the EU in agreement that the EU has none of their best interests at heart. The political winds have shifted and are blowing against the EU.

Read More

The Great Society: A Lesson in American Central Planning

Book ReviewsSocialismU.S. History

Blog06/09/2020

In the 1960s, politicians and bureaucrats had nearly unbounded faith in the ability to plan a nearly perfect society. Things didn't turn out as they had planned.

Read More

The Importance of Economic Theory in Understanding Historical Data

Other Schools of ThoughtPhilosophy and Methodology

Blog06/08/2020

"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."

Read More

The Incorporation Doctrine Broke the Constitutional System

Blog06/08/2020

It's a mistake to think freedom is protected by having the Supreme Court declare what is "constitutional," thus imposing centralized federal law on all the states.

Read More

Central Bankers Gone Wild: It's a New Era at the Fed

Booms and BustsMonetary PolicyTaxes and Spending

Blog06/08/2020

When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.

Read More

Why GDP Metrics Won't Tell Us Much about the Post-COVID Recovery

Blog06/06/2020

GDP can be increased through both government spending and printing new money. So, naturally, once lockdowns end we'll see a big rebound in GDP. But that doesn't tell us if the private sector is actually better off.

Read More
Shield icon wire