Mises Wire

Why Marx Was against Individual Rights

SocialismPhilosophy and Methodology

Blog12/27/2019

Karl Marx agreed with Rothbard that individual rights lead to inequality. For Marx, though, this was an argument against rights.

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Why the Drug War Makes Drugs More Potent

Legal System

Blog12/27/2019

When governments raise the cost of obtaining a good, many people will opt for buying a higher quality (or more potent) version of the good with each transaction.

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What Is Capital?

Capital and Interest Theory

In order to expand production and increase productivity — and thus increase the standard of living — it is necessary to use capital. And so it makes sense to pay interest on capital lent, so as to encourage the maintenance and production of capital for the future.

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The Problem with Democracy? Letting Everyone Do It

Book Reviews

Blog12/26/2019

We don’t let just anyone repair our homes or perform surgery. So why do we let everyone vote, and, theoretically, let just anyone rule? Jason Brennan’s recommendation is epistocracy: the rule of the knowledgeable.

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The Battle in the War of Ideas

Blog12/26/2019

Our foremost mission is to fight back in the war of ideas, and we must.

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Healthcare and "Market Failure"

Bureaucracy and RegulationHealth

Blog12/26/2019

Proponents of socialized medicine assert that markets cannot be trusted with healthcare due to "market failure." But the assumed "failures" of health markets are not improved by socializing healthcare.

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The Place of Human Action in the Development of Modern Economic Thought

Austrian Economics OverviewPolitical Theory

12/25/2019Quarterly Journal of Austrian Economics
The core of any system of economic theory is the explanation of how prices are determined.
Formats

qjae2_1_3.pdf

PDF icon PDF (115.97 KB)
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George Bailey, Capitalist Hero

Media and Culture

Blog12/25/2019

In It's a Wonderful Life, George Bailey was right to oppose Old Man Potter. Potter's fondness for the draft board and his attempt to use the DA to crush his adversary shows Potter had little regard for truly voluntary exchange.

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