Mises Wire

The Berlin Wall: Doomed by Economics

World History

Blog11/27/2019

The Soviets, the Nazis, the Khmer Rouge — these totalitarian regimes would have failed even without any intervention from geopolitical rivals. The socialist systems would have been conquered not by standing armies, but by economics.

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The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism

Money and Banking

Blog11/27/2019

The psychological impact of a lifetime within a fiat money economy cannot be underestimated. With more wealth seemingly available at the click of a computer button, refusal to spend more on government programs must stem only from cruelty and greed.

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Desocialization of Enterprises: Empowering Venezuelans

SocialismPrivate Property

11/26/2019Quarterly Journal of Austrian Economics
How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.
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Capital Accumulation, Not Government, Is the Key To Technological Innovation

The Entrepreneur

Blog11/26/2019

The diversion of real funding from the private sector toward government projects — no matter how important these projects appear to be — in fact, disrupts the process of real wealth generation.

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Stephen Denning: There’s a Revolution in Value — It’s Austrian and It’s Agile

The EntrepreneurEntrepreneurshipValue and Exchange

11/26/2019Audio/Video
Stephen Denning, author of The Age Of Agile , explains how entrepreneurs can exercise the "Agile" mindset, and offers insight into how Austrian principles inform the latest generation of business strategies for the digital age.
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Maternal Care Scandal in Britain’s NHS Reveals Human Costs of Socialised Medicine

HealthSocialism

Blog11/26/2019

In a sense, it is hardly surprising that so little attention has been paid to scandals within universal healthcare systems given the histories of underperformance, scandal, and perpetual crisis associated with many such systems.

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