Mises Wire

Central Bankers Have Declared War on Your Savings

Blog11/30/2019

Negative rates, higher taxes, and inflation – the statists are employing every measure to gain access to the fruits of your labor.

Read More

Some Fundamental Differences between Ludwig von Mises and Nassim Taleb

Philosophy and Methodology

Blog11/30/2019

Taleb maintains he’s a statistically-oriented orthodox economist. But I don’t think he understands what people mean by “orthodoxy.”

Read More

Word, Action, and Entrepreneurship

EntrepreneurshipHistory of the Austrian School of Economics

11/29/2019Articles of Interest
An essential aspect of the Mengerian-Misesian tradition — the emphasis that it puts on the entrepreneurial character of all human action, that is, its inherent entanglement with the problems of scarcity and uncertainty.
Read More

Social Justice Is Nothing like Real Justice

Legal System

Blog11/29/2019

Since no specific victim and no specific crime has been identified, this is no case of reparation as exists under real justice. It is simply a transfer of wealth from one group to another based on some sort of general "exploitation." 

Read More

John Rawls's Unfortunate Notions of the Nation-State

Philosophy and Methodology

Blog11/29/2019

John Rawls claimed "justice" demands governments use their power to benefit the least well off in a given society. But then he arbitrarily restricts the scope of these programs to particular nation-states. This betrays a fundamental problem with his idea of inequality.

Read More

Private Ownership: A Must

Private Property

Blog11/28/2019

If capitalism did not exist, it would be necessary to invent it — and its discovery would be rightly regarded as one of the great triumphs of the human mind.

Read More

How Entrepreneurs Learn from the Marketplace

The Entrepreneur

Blog11/28/2019

In a world of demanding and ever-changing consumers, there is always a way to do things better, with greater quality, and at a lower price. Entrepreneurs must learn how to do this, or they will lose out to those who can.

Read More

When Nassim Taleb Channels Ludwig von Mises

Philosophy and MethodologyValue and Exchange

Blog11/28/2019

Jeff Deist pithily describes Taleb’s prose as “Rothbard meets Hayek.” But Taleb shares some ideas in common with Ludwig von Mises as well.

Read More
Shield icon wire