Reduced Sentences in Exchange for Lies: A Government Tradition
In 1992, Mark Young was sentenced to life in prison for trafficking marijuana. His conviction came from the testimonies of two other convicted marijuana dealers who turned on Young in …
Mises Wire
“The People” Probably Don’t Want that New Government Tax or Regulation You Think Is So Great
Anti-market pundits and politicians have long claimed that unregulated markets are damaging to communities, and therefore must be regulated, restrained, and made to fit our policy preferences. “Market capitalism is …
Not-So-Modern Monetary Theory
According to some columnists, modern monetary theory (MMT) is the most powerful economic alternative to neoliberal orthodoxy. Is this really the case? The key idea of MMT is that the …
Peter Klein on Pricing
Pricing is fundamental to business success — to generating transactions, to cash flow and to profitable operations. There’s a lot of uncertainty for entrepreneurs in the pricing process, and economics …
China Should Still Be Celebrating the End of Mao’s Communism
The 70th anniversary of the proclamation of the Chinese People’s Republic on October 1, 2019, left the world in awe as China celebrated one of the most transformational moments in …
Was Keynes a Liberal?
[from The Independent Review, v. 13, n. 2, Fall 2008, pp. 165–188.] Keynes and Neomercantilism It is now common practice to rank John Maynard Keynes as one of modern …
Homicides in the US Fall for Second Year as Murder Rate Drops in 38 States
As 2018 came to an end, politicians and media pundits insisted that ” gun violence ” was growing and hitting crisis levels . While a homicide rate of anything greater …
Economic Growth Does Not Cause Price Inflation
Some commentators are of the view that whenever the economy gains strength it should be the role of the Federal Reserve to step in at some stage and introduce a …
Government Meddling Is the Reason You’re “Underpaid”
People frequently allege that, under capitalism, people aren’t paid what they are worth to employers. As a measure of how frequently that gets repeated, a Google search of “underpaid” I …
A Biography of Henry Hazlitt
The art of economics consists of looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that …