Mises Wire

Robert Shiller, in a new screed against capitalism in The New York Times, asserts that government regulation makes countries rich. He then bolsters this argument by making stuff up.

The countries where the median household has more purchasing power have fewer cases of adult children living with parents. Almost all countries with median incomes above $20,000 have living-at-home percentages below 20 percent, while almost all countries with median income below $30,000 have living-at-home levels above 30 percent.

In a situation where value is measured almost strictly in dollars, coffee is only for closers, but when value is calculated outside the numerical discipline of the ledger, things get more complicated.

Nevada has ruled that online fantasy sports are subject to gambling license laws in the state. The reason for the ruling is painfully clear: to suppress competition with the big casinos in the state.

There is a close connection between the three.

It was a big week for Bernie Sanders's brand of socialism, and millions of Americans already agree with him. Thanks to unquestioning acceptance of wild claims about the success of socialism in Europe, many Americans are now wishing for some European-style socialism themselves.

Irwin Schiff, imprisoned for his resistance to the federal income tax, died yesterday.

Nordic countries prospered in spite of the Scandinavian model, not because of it.

In this week’s debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty.

Because conservatives are only nominally less statist than today’s progressives, socialist policies that would have sounded outrageous to many Americans 100 years ago are now the baseline for the modern American political mind. Bernie Sanders is capitalizing on this reality.