Mises Wire

The answer to an "unfair" tax code is never to raise effective tax rates or government revenue.

Moral hazard is a vital concept for economics. We should be careful not to let critics trivialize or dismiss it; when they do, calls for government intervention and special privileges are seldom far behind.

Man is not evil merely because he wants to enjoy pleasure and avoid pain — other words, to live.

China's ruling class often reminds us of our own. Not that the editors at Time have enough self-awareness to notice.

Decades of government mismanagement has wreaked havoc on the Apalachicola oyster industry.

Byrne is a pioneer in broadening applications of Blockchain technology to decentralize institutions, including governments.

The Yen remains strong for a variety of reasons. Restrained monetary policy in Japan isn't one of them.

Lending standards for federal student loans have deteriorated, down to one criterion it seems: the ability to sign your name.

The committee to select the winners of the Nobel prize in economics almost always prefer interventionists to laissez-faire economists. The first year was no exception.

Free speech does not imply people are free to insult you in your living room. Similarly, all property rights are "limited" in many ways by the property rights of neighbors and other owners.