Bob Murphy Fields Questions on Austrian Economics and Libertarianism
It’s Not “Just Property”: How Looting Destroys Lives and Low-Income Neighborhoods
Protectionism and “Weak Dollar” Trade Policy
Why the State Seeks to Abolish Both Tradition and History
The Feds Want to Snoop on Your Encrypted Data. It’s “for the Children.”
The Evidence Keeps Piling up: Lockdowns Don’t Work
Listen to the Audio Mises Wire version of this article.
Risk and Uncertainty
In Human Action, Mises argues that in a free market economy, making a profit depends on the judgment, or appraisement, that entrepreneurs make of particular situations. He says:
The Fallacies behind the Wealth Tax
Kevin Carson and I had a tiny Twitter fight on the wealth tax (taking place a few days ago as of August 21, 2020). He defended such an anti-individualist and authoritarian measure, and I criticized it. Twitter, however, is not the place for discussion (seeming to be nothing but a swamp of radicalism), and here I shall disprove the idea that a wealth tax is in any way beneficial to workers or the poor or to the nation as a whole.
