Government
[Excerpt from chapter 3 of the Bastiat Collection.] I wish someone would offer a prize—not of a hundred francs, but of a million, with crowns, medals and ribbons—for a good, …
Mises Wire
Technological Innovation Is Nothing to Fear
In recent decades, increasingly rapid innovation in medicine, education, means of transport, data storage, and communication have contributed to a general improvement in living standards. Still, from time to time …
How Central Banks Promote Money-Creation by Private Banks
Some commentators consider fractional reserve banking as a major vehicle for the expansion in the money supply growth rate. What is the nature of this vehicle? Fractional reserve banking arises …
Restitution-Based Criminal Justice in Japan
[A selection from “Restitution in Theory and Practice” in Volume 12, Number 1 (1996) of the Journal of Libertarian Studies.] Japan takes restitution very seriously, and it appears to work. …
How Entrepreneurs Can Survive the Next Recession
There has been increasing talk of a burgeoning recession, whether because of a historically rare decade-long economic expansion or recent reports of an inverted yield curve, which is traditionally an …
How Entrepreneurs Can Survive the Next Recession
There has been increasing talk of a burgeoning recession, whether because of a historically rare decade-long economic expansion or recent reports of an inverted yield curve, which is traditionally an …
The False Promise of Canada’s Health Care System
Canada’s socialized health care is a failure, as measured against the service the government promised to provide. Tom Kent, the senior government policy person when the Medical Care Act was …
Dissecting Dave Chappelle’s New Netflix Special
Bob Murphy analyzes Dave Chappelle’s Netflix special, “Sticks & Stones.” Bob applauds one bit and criticizes another, but overall thinks Chappelle has done his duty as the court jester. For …
Why Housing Is More Affordable In Tokyo
Housing is one of the main drivers in the cost of living. Government increases this cost through zoning regulations, complicated impact fees, and permitting delays. This is a fact that …
Rent Control: A History of Failure
Governments can and do try to fix prices, but history tells us it never works. From the price-control dikats of the Roman Empire’s Diocletian, to the wage and price controls …