Hayek’s Political Argument against Socialism
Friedrich Hayek’s The Road to Serfdom was a bestseller when it was published in 1944, and it has remained ever since one of the classic works in the literature of liberty. Many people, though, find it hard to understand. After
Debunking Piketty and the Left’s Celebrity Economists
If you were to browse the economics sections of bookstores here in my home city, Dublin, you would find a wide variety of books by anticapitalist celebrity economists. Books by free market economists? Not so much. Original Article: "Debunking Piketty and the Left's
This NYTimes Writer Thinks Too Much “Small Government” Caused the Covid Crisis
What’s the big lesson New York Times readers are getting after a year of coronavirus? America’s small government and frugal spending habit caused the unprecedented economic disaster, according to an op-ed by Zachary D. Carter. Carter’s devotion to John Maynard Keynes and his interventionist economic ideology seems to blind
Why Beijing Wants a Digital Yuan
In his 2011 book On Russia, former US secretary of state Henry Kissinger used the ancient Chinese game of Weiqi, or Go, as it is also commonly known, as an extended metaphor to conceptualize and explain the decisions of the Chinese regime in both foreign and
The Role of Covid Lockdowns in 2020’s Homicide Surge
Twenty twenty was an unpleasant year for so many reasons. It was a year of riots, unemployment, and the trend in overall rising mortality continued unabated. Homicides also increased. In fact, in preliminary homicide data, it looks like homicides increased a lot
State Preemptions of Local Government Are a Bad Thing. Even When Ron DeSantis Does It.
Centralizing political power in the hands of the state government only sets the stage for abuses when a new administration takes over. Original Article: "State Preemptions of Local Government Are a Bad Thing. Even When Ron DeSantis Does It. " This Audio Mises
Biden’s Rescue Plan Won’t Reduce Poverty
“Poverty in society is overcome by productivity, and in no other way. There is no political alchemy which can transmute diminished production into increased consumption.” Original Article: "Biden’s Rescue Plan Won't Reduce Poverty" This Audio Mises Wire is generously sponsored by Christopher
If Deficits Don’t Matter, Why Bother with Taxes?
On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show. If you’re not familiar with modern monetary theory, they think governments should print more money because deficits aren’t a big deal. At one point
Economic Prosperity Is a Prerequisite for All Other Kinds of Prosperity
Recently, while reading Liberalism: In the Classical Tradition, written by Ludwig von Mises in the year 1927, I noted a striking passage, right in the beginning on page 4: All that social policy can do is to remove the outer causes of pain