Mises Wire

Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

Read More

Bernie's Socialism vs. Trump's Socialism

Blog03/14/2020

If he were honest, rather than declaring that "America will never be a socialist country," Trump would simply say, "my socialism is better than Bernie's socialism."

Read More

Logic and the Disutility of Labor

Philosophy and MethodologyPraxeology

Blog03/13/2020

Choosing between labor and leisure is not like choosing between apples and oranges. Many people like both kinds of fruit. But labor involves disutility, so a better choice is this: between apples and rotten oranges.

Read More

Left and Right, Many Are Turning toward De Facto Secession—and That's Not a Bad Thing

Anti-PoliticsDecentralization and Secession

Blog03/13/2020

Remember how election day used to be a day of national relief, no matter who won? Regular people were happy that our political warring was over for a while, at least. But we don't live in that country anymore.

Read More

Markets vs. Socialism: Why South Korean Healthcare Is Outperforming Italy with COVID-19

Global EconomyHealth

Blog03/13/2020

The Italians could learn some lessons about healthcare from the South Koreans, who still maintain a robust private market in health insurance.  Although the Koreans have relatively ample resources for COVID-19 patients, Italy's state-dominated system is quickly running out of options.

Read More

Socialist Destructionism

Socialism

Blog03/12/2020

Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.

Read More

Modern Monetary Theory Is an Old Marxist Idea

Monetary PolicyMoney and BanksSocialism

Blog03/12/2020

Modern monetary theory (MMT) conveniently facilitates dangerous policies and ideas that seemed unrealistic, like universal basic income and “helicopter money,” and that have been particularly propagated by government-sponsored economists for the past few years. 

Read More

The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

Read More
Shield icon wire