Mises Wire

If People Can't Be Trusted with Market Freedom, They Also Can't Be Trusted with the Vote

Interventionism

Blog7 hours ago

Behavioral economists say that since individuals are irrational, we need more state intervention in the economy. However, their criticism can be turned around: if individuals are irrational, government power is especially dangerous.

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If a Pure Market Economy Is So Good, Why Doesn't It Exist?

Free MarketsWorld HistoryOther Schools of ThoughtPolitical Theory

08/20/2019Mises Daily Articles
"Herein lies the key to changing society — changing public opinion or people's preferences toward government. And the only way people are likely to change their preferences is through education and persuasion; force is ineffective."
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Increasing Demand Won't Make the Economy Grow

Money and BanksMoney and Banking

Blog01/11/2019

There is no such a thing as insufficient demand as such. An individual’s demand is constrained by his or her ability to produce goods.

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In a Bubble Economy, Capital Goods Aren't Always a Good Thing

Blog11/02/2018

The more aggressive the central bank’s loose monetary stance is the more drainage of real wealth takes place and the less real wealth is left at the disposal of true wealth generators.

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Is Technological Know-How the Key to Economic Growth?

Blog10/16/2018

To obtain more economic growth, what is needed is a supply of saved capital to put the advanced technological methods into effect.

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It's The Customer, Stupid: A Marx vs. Menger Battle on Netflix

The EntrepreneurLabor and Wages

Blog09/17/2018

The Company Men shows how, in order to move on from a devastating layoff, workers must first figure out how to be valuable to the customers.

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It's Time to Give Up on Britain's National Health Service

Blog07/16/2018

Britain used to be a world leader in health care innovation and quality. No longer.

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Improving Expectations Won't Improve the Reality of Economic Conditions

Booms and Busts

Blog04/06/2018

Central banks can put in motion a prolonged deviation of expectations from the facts of reality. But they can't keep it up forever. 

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