A More Sane Alternative to Government Prisons
Rape, violence, and drugs are ubiquitous in prisons, so it is not surprising that recidivists commit a hugely disproportionate share of crime. Government prisons and so-called private prisons have no …
Mises Wire
The High Price of a “Free Lunch”
One of the Ten Commandments is “thou shalt not steal,” and theft is generally condemned in most religions, yet our religious leaders and followers have essentially turned a blind eye …
Why Employer-Funded Health Plans Are Turning to Free Market Medicine
How do businesses purchase healthcare services for their employees? What are the factors that bear on their purchasing decisions? These important questions are rarely part of the policy conversation. Our …
The “Public Goods” Excuse for Big Government
One of the key defenses of the necessity of the state is that the market, left to its own devices, underprovides public goods. Therefore, the thinking goes, state intervention can …
Government Won’t Save Us From “Woke” Corporations
From the shoes you wear to the ice cream you eat, politics has found a way to sneak into some of the most mundane aspects of our lives. The new …
Inverted Yield Curves, Recessions, and You
If one reads the headlines you might think that since the yield curve has inverted, the economy is in a recession, Trump will be swept from office and then the …
Jay Powell’s Critics Don’t Know More than He Does
Jerome Powell has only been Fed chairman since last February, but he has already been initiated into the worst part of the job. Whatever the Fed does, some complain that …
Jay Powell’s Critics Don’t Know More than He Does
Jerome Powell has only been Fed chairman since last February, but he has already been initiated into the worst part of the job. Whatever the Fed does, some complain that …
What Is “Originary Interest”?
[This article is excerpted from chapter 19 of Human Action: The Scholar’s Edition.] Originary interest is the ratio of the value assigned to want-satisfaction in the immediate future and the …
Bob Murphy Explains Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession
Bob Murphy gives a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how Bob used it to forecast the financial crisis in 2008 a year ahead of …