Mises Wire

Yes, Privatization Makes Us Better Off

Financial MarketsProperty Rights

Blog12/26/2020

The Left has often claimed that privatization is a neoliberal scam. But actual experience suggests privatization schemes have improved access to goods and services while raising productivity and real incomes. 

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The Great Reset, Part II: Corporate Socialism

Blog12/26/2020

The aims of the WEF are not to plan every aspect of production and thus to direct all individual activity. Rather, the goal is to limit the possibilities for individual activity—by dint of squeezing out industries and producers within industries from the economy.

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Capitalist Luxury vs. "The True Meaning of Christmas"

Media and CultureWorld History

Blog12/25/2020

The idea of ordinary people enjoying luxuries and "unnecessary" items has long troubled intellectuals and aristocrats. But thanks to capitalism, ordinary people can now enjoy the basic pleasures the ruling classes have long seized for their own. 

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Mill: Socialism Could Work for More Advanced People

PlanningSocialism

Blog12/25/2020

Though he was generally a Ricardian, John Stuart Mill thought that the main obstacle to socialism is that people might not yet be civilized enough to put it into practice. 

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Today's Negative Rates Are the Path to Poverty

Blog12/25/2020

Murray Rothbard wrote, “The rate of interest is the price of ‘time.’” It’s safe to say the world’s central banks have manipulated and mispriced what time is worth.

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A New Introduction to Austrian Economics

Book Reviews

Blog12/24/2020

“The General Theory was published in 1936 and Hayek decided not to respond directly. In making this decision, Hayek committed what many defenders of the free market system consider to be one of the major tactical errors of this century.” 

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California Voters Defeated Affirmative Action and the Left Was Very Surprised

Legal SystemMedia and Culture

Blog12/24/2020

Ideally, political elites would like nothing more than state-sponsored ethnic conflict. Having multiple groups pitted against each other in petty political squabbles makes effective opposition against the managerial class virtually impossible. 

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2021's Deficit Spending Is Already Out of Control. Here's Why That's a Problem.

Taxes and Spending

Blog12/23/2020

Deficits still matter, largely because they require monetary policies that lead to bubbles, inequality, and the slow Japanization of the US economy. 

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