Mises Wire

The "Mind Viruses" Creating Social Justice Warriors

Book Reviews

Blog04/03/2021

The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.”

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Progressivism's Failures: From Minimum Wages to the Welfare State

Poverty

Blog04/02/2021

The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced.

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The Economic Effects of Pandemics: An Austrian Analysis

Booms and Busts

Blog04/01/2021

How do recurrent cycles of boom and recession compare to isolated crises caused by extraordinary phenomena? 

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Lockdowns and Easy Money Bring a Weak Recovery for Europe

Global Economy

Blog04/01/2021

The eurozone still had an unemployment rate of 8.3 percent and more than 7 million furloughed jobs at the end of February. This is just one outcome of the EU's harsh lockdowns and regulation-caused malaise. 

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The Property-Based Social Order Is Being Destroyed by Central Banks

U.S. History

Blog04/01/2021

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. 

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The Success of Socialist Newspeak

Big GovernmentMedia and CultureWorld History

Blog03/31/2021

The socialists have engineered a semantic revolution in converting the meaning of terms into their opposite.

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How the "Bourgeois Deal" Enriched the World

Book ReviewsWorld History

Blog03/31/2021

One of the most striking facts of world history: since about 1800, there has been an enormous increase in the average standard of living throughout the world. Before that date, almost everyone was poor, but then things changed.

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Yield Curve Control: Bubbles and Stagnation

Global Economy

Blog03/31/2021

Europe's central bank is taking aggressive action to prevent bond yields from rising … to 0.3 percent in Spain or 0.6 percent in Italy. This is the evidence of a massive bubble.

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