Mises Wire

Growing material propserity does not require equality. In fact, equality has nothing to do with building a system that benefits workers and the poor.

In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.

In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.

Today, those with a modicum of judgment and respect for their pocketbook are heading anywhere that is not named California, attempting to flee the incompetent mismanagement of Governor Gavin Newsom.

To adopt a Rawlsian account of justice, you have to accept democratic participation in a strong sense. For Rawls, the people in a society must decide political questions together.

When the state interferes with the market in order to bring about a different use of the productive factors it can only impair the supply, it cannot improve it.

Liberalism in the tradition of Mises and Hayek will not solve the problems of human nature, but it can help to establish a social system in which humans can live peacefully with material prosperity.

Given the overt hostility that progressives have toward private enterprise in the first place, politicians will take shutdown-caused shortages and empty shelves as “proof” that private enterprise has failed.

Many of the "solutions" peddled by today's experts are more likely to increase wealth inequality than decrease it.

The secessionist view is now increasingly being promoted by writers outside the usual conservative and libertarian groups that have long advocated in favor of decentralization and local control.