Mises Wire

The High Cost of Occupational Licensing

Bureaucracy and Regulation

Blog08/16/2019

Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.

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Why $100 Bills Are Now the US Dollar's Most Common Banknote

08/16/2019Power & Market

Perhaps in the future, physical dollars and digital dollars will be recognized as two distinct mediums of exchange.

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Why Joe Biden Is Winning the Gun-Control Debate

Blog08/15/2019

The gun-control lobby is saying guns won't actually help fight against tyrannical government. The pro-gun side hasn't offered much of a rebuttal.

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The Problem of Immoral Choices in the Marketplace

Bureaucracy and Regulation

Blog08/15/2019

Mises states, quite rightly, that anyone who advocates governmental dictation over one area of individual consumption must logically come to advocate complete dictation over all choices.

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White Collar Welfare: What It's Like to Work for the Federal Government

Bureaucracy and RegulationTaxes and Spending

Blog08/15/2019

Shannon O'Toole's memoir on working for the FDIC helps us understand why some have taken to calling federal employment "white collar welfare."

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The Problem with Private Prisons Is Not that They Are Private

Blog08/15/2019

Private prisons are private in name only. They are merely adjuncts of the state, and the real problem is these prisons warehouse many people the state should not have put in prison in the first place.

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Business Schools Need More Austrian Economics

08/15/2019Power & Market

There is a lot of misunderstanding and bad economics being taught to business students, forcing many into courses claiming that theory in economics is useless, and that ‘data’ solves it all. In such programs, we are in desperate need for an Austrian revolution.

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The Rise of Capitalism

Free MarketsHistory of the Austrian School of Economics

08/14/2019Mises Daily Articles
The characteristic feature of capitalism that distinguished it from precapitalist methods of production is capitalism's efforts to make goods and services available to everyone — not just the wealthy.
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