Mises Wire

What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

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The Bionic Mosquito On Rothbard and Ethics

07/05/2019Power & Market

The Bionic Mosquito points out that Rothbard defended objective ethics.

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Price Controls Make Life Miserable for New Yorkers

Bureaucracy and RegulationU.S. History

Blog07/05/2019

After many decades of rent control and other regulations, New York politicians still can't seem to figure out why housing is so expensive.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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America's Delusion of Liberal Hegemony

Book ReviewsWar and Foreign Policy

Blog07/04/2019

Attempts to impose liberal values on the world, to force people to be free, are doomed to failure and will enhance the chances of war. This is largely because nationalism is for most people a far more potent force than liberalism, whether classical or modern.

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America's Libertarian Revolution

U.S. History

Blog07/04/2019

In the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against power.

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The Data Shows Socialists — Not Sanctions — Destroyed Venezuela's Economy

Cronyism and CorporatismProtectionism and Free TradeSocialism

Blog07/04/2019

If we stick to the data, regardless of which socioeconomic indicator we choose, it seems clear that the sharp economic downturn began long before 2017.

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