Mises Wire

Why Paternalists Keep Calling Us "Irrational"

Calculation and KnowledgeOther Schools of ThoughtPraxeology

Blog01/03/2020

Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.

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Why the US Wants to Lower Germans' Real Wages

Blog01/03/2020

The US government has placed sanctions on those who are building a natural gas pipeline from Russia to Europe.

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Why the Minimum Wage Is so Bad for Young Workers

Labor and Wages

Blog01/02/2020

Studies have shown that the amount of money paid in the low-wage labor market declined overall as a result of minimum wage hikes.

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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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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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Why So Many Scholars Are Wrong About Consumer Psychology

EntrepreneurshipOther Schools of ThoughtValue and Exchange

Blog12/19/2019

The idea that people are driven by fear of losses more than they are by the potential for gain has attained a sort of dogmatic adherence among behavioral economists. But there's a problem: the theory isn't true.

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