Mises Wire

An Economist's Biography of Andrew Carnegie

U.S. History

Blog11/06/2017
Carnegie’s entrepreneurial talents in developing new markets cannot be ignored, despite his unscrupulous dealings with politicians.

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GOP Tax Plan Increases the Most Insidious Tax

Taxes and Spending

Blog11/06/2017
Politicians love the inflation tax because it allows them to increase taxes without having to vote for higher rates.

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International Trade Under the Soviets: A Comedy of Errors

Protectionism and Free TradePrices

Blog11/06/2017
Economic calculation is impossible under socialism. This is as true with international trade as with domestic.

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More Populism Might Have Produced a Better Fed Chair

Money and BanksMoney and BankingPolitical Theory

Blog11/06/2017
Trump's selection of Jerome Powell highlights a flaw in Hayek's strategy to change public policy through "second hand dealers of ideas."

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Aristotle on Private Property and Money

BiographiesWorld HistoryCapital and Interest TheoryPrivate Property

11/04/2017Mises Daily Articles
Although Aristotle scorned moneymaking and was scarcely a partisan of laissez-faire, he set forth a trenchant argument in favor of private property.

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George Fitzhugh, the Honest Socialist

SocialismU.S. History

Blog11/04/2017
Fitzhugh accepted the paternalist argument that US slavery had bettered the position of the slave — and then applied this idea to all races.

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Stop Canada's War on "Passive" Investment

Taxes and Spending

Blog11/04/2017
Economic growth in Canada will continue to be hampered as long as the government continues to erect roadblocks to business investment.

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Madison's Definition of Democracy Is Now Irrelevant

U.S. History

Blog11/03/2017
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.

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Jeff Deist on Why Smaller is Better

Strategy

11/03/2017Audio/Video
Jeff Deist on why smaller government units are better, and how the Swiss principle of subsidiarity could help ease the nasty cultural and political divides facing America.

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