The Drug War: An Irrational Crusade
The drug war of the last half century has incarcerated millions and created havoc. What it hasn’t done is eliminate people using drugs without government permission. Original Article: “The Drug …
Mises Wire
Market Masculinity: The Bourgeois Ideal of Capitalist Manhood
One of the main fronts in the current culture war in the United States is the debate over “masculinity.” Certain corners of the Left tell us that “toxic masculinity” is …
Yet Another Month of Questionable Federal Jobs Data as 310,000 Fewer People Report Having Jobs
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate …
The Five Stages of Bank Failure Grief
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we …
Crowding Out: The Fed May Be Killing the Private Sector to Save the Government
A “soft landing” is impossible unless the government cuts both taxes and government spending at the same time interest rates are rising. This won’t happen, so get ready for a …
Summer Fellowship 2024
Mises WireThe Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von …
The Attack on the Western Tradition
[This article is adapted from a lecture delivered at the Reno Mises Circle in Reno, Nevada. on May 20, 2023.] We are faced today with a concentrated attack on the …
Understanding Relationships between Money Supply and Liquidity
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn’t make us …
The Failure of Public Works and Public Funding
Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources. Original Article: “The Failure of Public Works and Public Funding” Mises …
In the Event of an Official US Bankruptcy
Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go? Original Article: “In the Event of an …