Mises Wire

Both Theory and Praxis: Rothbard's Plan for Laissez-Faire Activism

Blog11/13/2020

It should be self-evident that a just and moral political regime can only exist in the long term if a sufficiently large number of people actually believe in it.

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Stop Confusing Money with Wealth

Cronyism and CorporatismInflationFinancial Markets

Blog11/13/2020

Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem. 

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Lockdowns Haven't Brought down Covid Mortality. But They Have Killed Millions of Jobs.

Blog11/12/2020

Strict lockdowns have devastated millions of families' incomes while failing to bring success in suppressing covid mortality.

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Election 2020: Rout of the Technocracy

ProgressivismMedia and Culture

Blog11/12/2020

This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy.

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Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Monetary PolicyWorld History

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

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Why GOP Loyalists and Candidates Keep Moving Left

ProgressivismMedia and CultureStrategy

Blog11/11/2020

Unless the Left's opponents focus on changing voters' ideological drift to the left, candidates who want to actually win elections will have to keep moving left also. 

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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Down with Political Polling. Up with Prediction Markets.

Media and Culture

Blog11/11/2020

Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative. 

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