Mises Wire

A Vital Book for Our Time

Book ReviewsMoney and Banks

We face a blowback “fueled by years of US imperialistic and lawless behavior around the world, and finally triggered by a critical mass of resentment of the US."

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Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy

Blog11/02/2020

Kenneth Arrow showed in 1951 that the entire project of social choice theory rested on quicksand.

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American Voters: Don't Look to Europe as a Model

Bureaucracy and RegulationEconomic FreedomTaxes and Spending

Blog10/31/2020

As we face a second wave of coronavirus outbreak in Europe, we know that the March measures and aggressive lockdowns were a grave mistake.

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Another Pointless Antitrust Campaign by Federal Regulators

Interventionism

Blog10/30/2020

The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.

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A New Hoppe Book

Blog10/23/2020

Hoppe’s work is more important today than ever, given the penchant of modern bureaucratic states to war, intervene, tax, regulate, debase, and generally plunder the engines of peace and civilization.

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A Critique of the Labor Theory of Value

Prices

Blog10/10/2020

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.

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Abenomics: Big Debts with Nothing to Show for It

Financial MarketsMonetary PolicyWorld History

Blog09/24/2020

Japan's government is now addicted to easy money Abenomics. With Abe now gone, the next leader might tinker around with altered approaches, but it will be more of the same.

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Abolishing Meritocracy Will Require a Whole Lot of Government Intervention

Book ReviewsProgressivismSocialism

Blog09/22/2020

If you think that it up to people themselves to decide whom they wish to associate with, I am afraid that in Sandel's mind, you are an elitist guilty of hubris.

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