Mises Wire

Socialism Cannot Work, Not Even in an AI-Driven Economy

Free MarketsSocialismMonopoly and Competition

Blog07/29/2023

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

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Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages

Blog07/26/2023

In this new age of decentralized and democratized content creation, union members' demands may simply be based on wishful thinking for a bygone era.

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Student's Favorite Moments from Tuesday at Mises U

Blog07/26/2023

Students share their experiences at Mises University.

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Shrinkflation and Skimpflation Are Eating Our Lunch

Economic PolicyInflationWorld History

Blog07/18/2023

Government statistics on inflation in the food sector have failed to account for skimpflation and shrinkflation.

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Social Justice and the Free-Rider Problem

Corporate WelfareCronyism and CorporatismTaxes and Spending

Blog07/14/2023

The political passion for "social justice" is creating a larger free-rider problem and a problem of injustice.

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States Can Curb Federal Power through "Soft Secession"

Decentralization and SecessionSecessionStrategyU.S. History

Blog07/13/2023

The use of interstate compacts by US states shows that the states don't need the federal government to dictate or manage interstate relations. 

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Sound Money Is Required for Real Budget Discipline

Big GovernmentThe FedInflationMoney and BanksPolitics

Blog06/15/2023

The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later.

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Socialists Should Support Government Default: Their Forebears Certainly Did

Economic PolicySocialismTaxes and SpendingU.S. Economy

Blog06/13/2023

Socialists like Bernie Sanders and the editors of Jacobin have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.

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