Mises Wire

Why Big Business Prefers Lobbying Government to Competing in the Marketplace

Corporate Welfare

Blog08/29/2019

When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.

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Why Socialist Calculation Is Always Impossible

SocialismValue and Exchange

Blog08/28/2019

True economic value begins in the minds of individuals, and only individuals can predict, plan, and act in the marketplace.

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Why The Next ECB Stimulus Plan Will Also Fail

Global EconomyMoney and BanksMoney and Banking

Blog08/27/2019

The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.

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Why They Keep Trying to Blame Capitalists for Slavery

U.S. History

Blog08/27/2019

The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog08/20/2019

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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When State Governors Tried To Take Back Control of the National Guard

Decentralization and SecessionWar and Foreign Policy

Blog08/19/2019

In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.

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