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What Economics Is Not

10/23/2021Mises Daily Articles
The Austrian approach to economics dispenses with the idea of "economic man," and broadens economics to include all action, which takes place in a framework of scarcity.
vax

Proponents of Forced Vaccines Want You to Think Healthcare Is a Communal Resource

Blog10/23/2021

Supporters of vaccine mandates are pushing the idea that healthcare is a communal resource. This idea allows them to make false moral claims about how everyone owes it to "society" to get vaccinated.

Why Censorship Advocates Are Obsessed with Stories about Yelling “Fire!” in a Theater

Blog10/23/2021

The fact that such a vacuous and irrelevant example became such a compelling argument for the government restriction of freedom of speech in many other areas is disturbing.

Speech Isn't a "Threat" Just Because a Government Official Says So

Blog10/23/2021

Many parents are becoming angry over the contempt with which they are treated by school officials. So school board officials are attempting to use federal "harassment" laws to silence critics.

Why Some People Are Poorer

10/22/2021Mises Daily Articles

The only permanent way to cure poverty is to increase the earning power and productivity of the poor.

Is Solidarity a Good Thing?

Blog10/22/2021

Further, if solidarity is a value, why can’t the common enterprise be that people in a society share a commitment to the free market? Or is solidarity only good when people jointly do things socialists like?

Central Banks and Socialism Are Forever Linked Together

Blog10/22/2021

Central banks always and everywhere weaken economic growth by undermining the propensity to save; they are destabilizing the economy by fueling a debt economy.

Understanding Money Velocity and Prices

Blog10/22/2021

The velocity of money does not have a life of its own. It is not an independent variable and it cannot cause anything, let alone offset the effect of increases in money supply on the prices of goods.

Rothbard: With Interest Rates, "There Are Two, Opposite Causal Chains at Work."

Blog10/21/2021

The relative strength and reaction times of changes in rates depend on the subjective expectations of the public. These changes—like economic changes in general—cannot be forecast with certainty. 

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