Mises Wire

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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Socialists Have Never Shown How They Could Increase the Standard of Living

Blog11/03/2020

Fighting erroneous socialist doctrines is not a special interest of a single class but the cause of all; everyone would suffer under the limitation of production and of progress entailed by socialism.

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Social Media Companies Aren't the Good Guys. They're Also Not Monopolists.

Media and CultureMonopoly and Competition

Blog10/24/2020

Social media has lied about user privacy and has misled the public about the platforms' status as open forums. But none of this makes these companies monopolies. 

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Setting the Record Straight on Income Inequality

Blog10/12/2020

Growing material propserity does not require equality. In fact, equality has nothing to do with building a system that benefits workers and the poor.

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Stop Blaming Classical Liberalism for the Problems of Human Nature

Blog10/09/2020

Liberalism in the tradition of Mises and Hayek will not solve the problems of human nature, but it can help to establish a social system in which humans can live peacefully with material prosperity.

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Self-Defense and "Taking the Law into Your Own Hands"

It's increasingly clear two things are going on: leftists are very interested in taking their rioting and looting far beyond city limits, and government police are not interested in doing much about it.

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Soviet Terror Was the Natural Evolution of Marx's Communism

SocialismWorld History

Blog09/26/2020

Thomas Sowell has explained that while "Marx may have explicitly advocated the idea of a democratic workers’ government, his own personal style was dictatorial, manipulative, and intolerant."

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Should Investors Focus on Risk Rather Than Profit?

Financial Markets

Blog09/25/2020

The stock market does not have a life of its own. In a relatively free economy, success or failure of investment in stocks depends ultimately on the same factors that determine success or failure of any business.  

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