Mises Wire

To Be Useful, Data Needs Theory

Philosophy and Methodology

Blog12/28/2019

Statistical data is merely history, but a competent historian does not simply let the events speak for themselves. He arranges them according to the ideas underlying the general notions he uses in their presentation. He does not report facts as they happened, but only relevant facts.

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What an Independent Britain Could Learn from Singapore

Decentralization and SecessionFree MarketsWorld History

Blog12/28/2019

Singapore left both the British Empire and Malaysia before finally becoming an independent city. It then proceeded to become one of history's most impressive economic success stories.

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Lysander Spooner: Libertarian Pietist

Free MarketsU.S. HistoryPhilosophy and MethodologyPolitical Theory

12/27/2019Mises Daily Articles
Only Spooner realized that it would be compounding crime and error to try to use government to right the wrongs committed by another government.
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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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