Is an Educated Population Really Necessary for Innovation and Growth?
Lamentations that the waves of innovation are receding have engulfed policy circles. Distinguished economist Robert Gordon avers that the days of transformative innovations are over. Like Peter Thiel, he is disappointed at the incremental nature of modern-day inventions. The declinist
From Diseases to Recessions, Government Failure Is Endemic
As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised. Original Article: "From Diseases to Recessions, Government Failure Is Endemic" This Audio Mises Wire is generously sponsored by Christopher Condon.
Canadians Should Be Able to Vote “None of the Above”
The fact that NOTA is not a genuine, nonsymbolic ballot option proves that the political class merely pays lip service to the concepts of integrity and the will of the people. Original Article: "Canadians Should Be Able to Vote 'None of
Should War Be Made “Humane”?
Humane: How the United States Abandoned Peace and Reinvented Warby Samuel MoynFarrar, Straus and Giroux, 400 pp. Samuel Moyn is a distinguished intellectual historian who teaches both history and law at Yale. His earlier books were written for an academic audience,
“The Great Reset” Is the Road to Socialism Mises Warned Us About
Through the sheer power of his intellectual output, Ludwig von Mises established himself as one of the most important intellectuals of the twentieth century. His work Human Action remains a foundational text of the Austrian school. His critique outlining the impracticality of
Before a Bust, There Is Always a Boom (and Malinvestment)
For most commentators lending is associated with money. However, is this the case? When a saver lends money, what he/she in fact lends to a borrower is final consumer goods that he/she did not consume. Therefore, what a lender lends to
Covid Lockdowns Signal the Rise of Public Policy by Ransom
In the age of covid, governments have decided to embrace a new kind of policy: they'll hold the population hostage until the public complies with what the state wants. Original Article: "Covid Lockdowns Signal the Rise of Public Policy by Ransom" This
Ford’s Exit from India: Reasons and Implications
US auto giant Ford has become the latest of many auto companies to cease operations in India. The company had set up shop in the country in 1995, after a failed attempt in 1953 when they had to pull out
Europe Faces a Fragile Economy as the Merkel Era Ends
As Angela Merkel prepares her exit from the chancellery in Berlin, a false alarm is ringing in Europe about an imminent danger of “stagflation.” This phenomenon, like dragons, belongs to mythology rather than real historical or present circumstances. The noise will
The Prospects for Soft Secession in America
1930, Columbia professor Karl Llewellyn published The Bramble Bush, his famous tract on how to think about and study law. Llewellyn urged readers to consider both law and custom when seeking to understand a society, to recognize the difference between the