Mises Wire

The Legacy of Legacy Admissions Is Not What the Critics Claim

EducationMedia and Culture

Blog11/17/2023

Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them.

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The Taxman Cometh

LibertarianismOther Schools of ThoughtPhilosophy and Methodology

Blog11/17/2023

Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains.

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Cryptocurrency: Integrity Destroyer or Policy Scapegoat?

BitcoinEconomic PolicyMoney and Banks

Blog11/17/2023

Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source.

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One Cannot Interpret Facts of Reality without Theories

Economic PolicyOther Schools of ThoughtPhilosophy and Methodology

Blog11/16/2023

Mainstream economists often look at the numbers first and then use data to construct their theories. As Austrian Economists know, such thinking is backward. We can only correctly interpret data after applying a correct theoretical framework.

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The Worse-than-Medieval Economics of Climate Technocrats

The EnvironmentPhilosophy and MethodologyPricesProduction Theory

Blog11/16/2023

Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics.

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The More Complex the Society, The Less Government Control We Need

Big GovernmentEconomic FreedomHayekLiberalism

Blog11/15/2023

Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.

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The Problem with Joe Manchin's Centrism

DemocracyMajority RuleU.S. EconomyU.S. History

Blog11/15/2023

Sen. Joe Manchin says he is retiring because of legislative divisions that keep Congress from finding political “solutions” to the nation’s problems. In truth, Congress is more united than the people they supposedly represent.

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You're Paying for the Israel War. You'll Also Pay for the Refugees.

Taxes and SpendingWar and Foreign Policy

Blog11/14/2023

Resettling Gazans in America—at taxpayer expense—will be sold as a "humanitarian" effort, but anyone who sees through the propaganda will see that it's really all a cynical effort to please Israeli politicians.

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