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Gary Galles



Articles by Gary Galles

Aggregated Data Hides the Damage Done by Minimum Wage Hikes

March 11, 2021

Much of the harm is disguised by focusing on forecasts of higher aggregate income for the poor. Individuals, on the other hand, are another story.  Original Article: “Aggregated Data Hides the Damage Done by Minimum Wage Hikes” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

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The True Cost of Taxation Is Much Higher Than Your Tax Bill

March 6, 2021

If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government. Original Article: “The True Cost of Taxation Is Much Higher Than Your …

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Is Math Racist? That Does Not Compute

February 19, 2021

Rather than representing “white supremacy,” the evolution of mathematics has been a globe-, race-, and culture-spanning collaboration of advancements, an ongoing development of more effective tools for anyone to use. Original Article: “Is Math Racist? That Does Not Compute” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

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Is Math Racist? That Does Not Compute

February 16, 2021

Racism has, tragically, raised its ugly head throughout history. And American has certainly seen its share. But after all the other things that have been called racist, with everything connected to them bearing guilt by association, it is nonetheless stunning that some are now calling mathematics racist, often inheriting ascribed guilt from the fact that …

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There’s Nothing Wrong with Short Selling

February 3, 2021

The recent GameStop short-squeeze drama has riveted financial markets. Given the historic unpopularity of short sellers (e.g., Holman Jenkins has written that “short-selling is…widely unpopular with everyone who has a stake in seeing stock prices go up”), the resulting heightened invective against them is not a surprise. Unfortunately, an intensification of this rhetoric could lead to unwarranted broader restrictions …

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Why Governments Want More Centralization—and Less Federalism

January 24, 2021

America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated. Original Article: “Why Governments Want More Centralization—and Less Federalism” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by …

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Why Governments Want More Centralization—and Less Federalism

January 20, 2021

Federalism, which Felix Morley called “the distinctively American contribution to political art,” arose from our founders’ desire to limit government’s ability to harm its citizens. The Constitution restricted nondelegated powers to states and individuals in their private arrangements, empowering citizens by allowing easier escape from abusive government by “voting with their feet” for jurisdictions with …

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A Just Society Is a Society Based on Political Liberty

January 12, 2021

Acton: “Liberty is not a means to a higher political end. It is itself the highest political end…not for the sake of a good public administration…but for the security in the pursuit of the highest objects of civil society, and of private life.” Original Article: “A Just Society Is a Society Based on Political Liberty” …

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Wikipedia, Markets, and Collaboration

January 10, 2021

On January 15, Wikipedia turns 20. Its anniversary is a good time to celebrate the success of a service that has become so useful to so many. Original Article: “Wikipedia, Markets, and Collaboration​​​​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.  

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California Now Wants to Tax People Who Live in Other States, Too

January 9, 2021

In case you doubted that California’s politicians are firmly committed to ever-higher levels of taxation, California is now trying to retroactively impose sales taxes on out-of-state retailers going as far back as 2012. Original Article: “California Now Wants to Tax People Who Live in Other States, Too” This Audio Mises Wire is generously sponsored by …

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The Yellen-Akerlof Connection Isn’t Good News for the Treasury

January 8, 2021

As part of the rollout of his coming administration, Joe Biden announced his intention to nominate Janet Yellen as his Treasury secretary. As with all such announcements, people tried to anticipate what that would mean for future policy. One of the most interesting versions of that crystal-ball gazing came from John Tamny. His article “The Biggest Janet …

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California Now Wants to Tax People Who Live in Other States, Too

January 6, 2021

California’s government has become infamous for abusing its citizens, from steep taxation to burdensome regulations to arbitrary covid impositions. But less noticed is how it is also trying to abuse other Americans as well. As reported in a December 28 Los Angeles Times editorial, the California Department of Tax and Fee Administration (CDTFA), which oversees …

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The Wisdom of Walter Williams

December 4, 2020

Walter E. William, who many consider one of greatest modern economists, has just passed on at age 84. My connections with Walter go back to UCLA, where we both got our doctorates (though I was a bit later, and it was my misfortunate we did not overlap). Then I started writing popular articles in defense …

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New Resolutions for a New Presidential Term

December 3, 2020

Most Americans probably thought they would know who the President will be shortly after the ballot boxes closed. But after three weeks, the results are still somewhat in doubt. That has thrown a wrinkle into the usual pundit calendar, focused on what the loser should have done, what the winner did well and now should …

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Being Pro-union Means Being Antiworker

November 24, 2020

The problem with Biden’s Protecting the Right to Organize (PRO) Act is that it would help unions at the expense of the vast majority of American workers. Original Article: “Being Pro-union Means Being Antiworker”. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.  

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Being Pro-union Means Being Antiworker

November 23, 2020

After becoming the apparent president-elect, Joe Biden clearly promised to unify Americans. However, that promise was in sharp contrast to what his campaign promises would actually achieve. Granting unions their fondest wishes is clearly part of Biden’s labor policy, as illustrated by his statement that “I am a union man. Period” in his 2019 campaign-opening …

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California’s Tax-Limiting Prop. 13 Survives Yet Another Attack

November 19, 2020

Prop. 15’s attempt to undermine California Prop. 13’s property tax protections for businesses has apparently failed. Original Article: “California’s Tax-Limiting Prop. 13 Survives Yet Another Attack”. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.  

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California’s Tax-Limiting Prop. 13 Survives Yet Another Attack

November 19, 2020

Listen to the Audio Mises Wire version of this article. Proposition 15’s attempt to undermine California Proposition 13’s property tax protections for businesses through a split roll has apparently narrowly failed. But one thing I find striking is that, even after the fact, the same false claims—or fake news—against Prop. 13 continue to be repeated. As a …

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Talk of “Unity” Is Both Hypocritical and Delusional

November 15, 2020

Grand invocations that “I will unify us” are actually shorthand for “We mean to get our way, regardless of others’ well-being and desire.” Original Article: “Talk of “Unity” Is Both Hypocritical and Delusional”. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.  

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Talk of “Unity” Is Both Hypocritical and Delusional

November 10, 2020

In Joe Biden’s address after being declared president-elect by news organizations, he promised to be a leader who “seeks not to divide but to unify.” Making that assertion after the campaigns we have seen, not to mention the light-years-apart treatment of the candidates, while Donald Trump is still adamantly disputing the election because of alleged …

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How the Left Uses “Science” To Extend Its Bias In Media and Academia

November 10, 2020

The 2020 election results will be a test of earlier liberal/progressive “investments” in modifying how Americans think about things. But at this point, perhaps more important will be whether, after the fact, people recognize how much they have been manipulated. Original Article: “How the Left Uses “Science” To Extend Its Bias In Media and Academia​”. …

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How the Left Uses “Science” To Extend Its Bias In Media and Academia

November 5, 2020

The 2020 election has revealed jaw-dropping levels of “liberal” or progressive bias in the media, from the increasing ascendance of woke language, enforced by the thought police, to deliberately ignored issues and information considered uncongenial to those dominating the agenda. To many, it seems as if the power being exercised against freedom of uncoerced and …

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The Idea that Democracy Is the Same as Liberty Is a Weapon in the Hands of Despots

November 3, 2020

As Americans approach a date with their polling places and “get out the vote” campaigns crescendo, there is plenty of rhetoric that all but deifies democracy. Unfortunately, while democratically determining who will be entrusted with the reins of government may generally represent the best hope to enable governments to change without bloodshed (exemplified by John Adams …

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How to Be a True Benefactor in Society

October 31, 2020

One of the most striking things about electioneering is that every politician and sycophant claims to be a benefactor to Americans, ever more stridently as the election approaches. But every one of them seeks to help Pauls out of the pockets of Peters, which is being a thief when both sides of that equation are …

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Remembering Tocqueville’s Democracy in America as Another Election Looms

October 30, 2020

In the lead-up to this November’s election, democracy has been increasingly held up by many as the touchstone of American greatness. But I have noticed that very few making such claims make reference to Alexis de Tocqueville, whose 1835 Democracy in America has been termed “one of the wisest works of modern thought” and which …

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Our Politicians Would Probably Be Better If We Picked Them by Lot

October 8, 2020

Rather than choose among a group of narcissists desperate to become popular by redistributing the income of others, why not choose officeholders by lot for a single term? This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Our Politicians Would Probably Be Better If We Picked Them by …

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Why Democracy Cannot Protect Our Freedoms

October 7, 2020

Any act of the state is now thought to be justified if “the people voted for it.” And, as government increases its plundering activities, more and more citizens want in on the popular say-so. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why Democracy Cannot Protect Our …

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Our Politicians Would Probably Be Better If We Picked Them by Lot

October 3, 2020

As we near November, Americans hear political partisans arguing more and more intensely that if we would just vote for them and their coconspirators that would put us in the best of all possible worlds. It reminds me of Will Rogers’s quip that “if we got one-tenth of what was promised to us…there wouldn’t be any inducement …

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