More Government Spending Won’t Make the Economy Grow
A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding for consumption and production is not about money …
Mises Wire
A Torrent of Laws
All over the United States, if you are reading this in a daylight hour, there is a ceaseless downpour of new laws. Every day some of us, somewhere, are being …
Cashiers, the Vice of Economists, AOC Getting Trolled, and Biden as the Godfather
In this whimsical episode, Bob Murphy tells stories about cashiers giving him too much change, as well as the recent time he had somehow convinced himself that the Fed was …
South Africa’s Race-Based Socialism
Twenty-five years since the election of Nelson Mandela as president of South Africa, the country remains home to some of the most market-invasive, race-based economic policies in the world. At …
100% Banking and its Advocates: A Brief History
The 100% reserve plan is often considered a radical proposal for monetary reform. This article discusses the history of 100% banking and its advocates. The article shows that many of …
Argentina: A Country Caught in an Endless Loop of Financial Crises
Argentina is a country known for its constant political-economic instability and recurrent crises. Since the return of democracy in 1983, Argentine society has gone through two hyperinflationary outbreaks (1989 and …
The Myth of “Planned Obsolescence”
The Free Market 26, no. 2 (February 2005) John Kenneth Galbraith, that insufferable puritan, wrote an odd book in 1958 called The Affluent Society, and it had a huge influence …
Abolish the Tampon Tax, Even If It’s What SJWs Want
The latest evidence of the brutality of the patriarchy, we are told, is the fact that sanitary napkins are subject to sales tax. Thus, some protests have sprung up around …
The EU’s Protectionist Impulses Are Showing in Turkey Deal
The European Union’s objections to Volkswagen’s future factory in a non-EU state reveals that the Brussels bureaucracy doesn’t really want to help poor nations. EU politicians and technocrats like to …
Professor Arthur Diamond on Sustaining Innovative Dynamism
This week, while keeping our eye on our highest value — entrepreneurial success — we raise our focus to the system level and the meta-ideas that sustain entrepreneurial effort and Austrian …