Mises Wire

Economist Mark Hendrickson has written an accessible short book that examines some of the biggest flaws found in Thomas Piketty's Capital in the Twenty-First Century. 

Mises Daily Monday by Gary Galles: 

Many poverty relief laws and policies are premised on the assumption that only "the rich" will bear the costs. In fact, the incomes and well-being of many low-income individuals are taxed and diminished to benefit a nebulous group known as "the poor."

What if the government ran hair salons and the private sector provided auto registrations? Needless to say, getting a haircut would be a harrowing and soul-crushing experience. Meanwhile, registering your automobile would be another matter entirely.

Mises Daily Weekend by Jonathan Newman: 

What if the government ran hair salons and the private sector provided auto registrations? Needless to say, getting a haircut would be a harrowing and soul-crushing experience. Meanwhile, registering your automobile would be another matter entirely.

Today is the 116th anniversary of Hayek's birthday. Peter Klein summarizes his contributions in under 4 minutes here. Also, it's 20% off all Hayek books and memorabilia in the Mises store. 

What should be most clear is that the Trans-Pacific Partnership is not a free trade agreement. Parts of it may, no doubt, lower some trade barriers, thus making easier the production, sale and purchase of a wider variety of imports and exports. However, TPP, like all other trade agreements in the post-World War II era is a managed trade agreement.

Max Ehrendfreund thinks the world is producing too much of things like oil and cotton. But how does he know what "too much" is? Without the price system, it's impossible to know. 

Mises Daily Friday by Mark Thornton:

Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions.

Mises Daily Thursday by Ryan McMaken: 

With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.

Dr. Thornton appeared this week on Press TV to discuss the recent jump in the US trade deficit.