Before Progressives Condemn Capitalism, They Should Be Able to Define It
Although progressives and their allies might condemn capitalism, they rarely can define it.
Mises Wire
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Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German policy making.
Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?
Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.
Green Myths and Hard Realities: Sri Lanka as a Warning
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
Profits Are Not Random. They’re How Entrepreneurs Help Allocate Resources Efficiently.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Do Tariffs Create Prosperity? Challenging the Populist Right on Trade
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can‘t replace sound economics.
Rising “Constitutional Carry” Is a Sign of Failing Trust in Government
In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare.
Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
Economies Cannot Produce Wealth without Patience and Long-Term Horizons
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
After Secession, What Happens to the National Debt?
National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split.
