Mises Wire

Robots Won't Destroy Us: How Automation Creates Jobs

Labor and WagesCalculation and KnowledgeCapital and Interest TheoryProduction Theory

Blog04/10/2021

The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

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Real Savings Are at the Heart of Lending

Money and Banking

Blog03/30/2021

Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

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Rothbard Explains How to Recover from an Economic Crisis

Booms and Busts

Blog03/05/2021

The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.

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Rothbard Roundtable

Blog03/05/2021

We asked some of our writers and scholars to talk about why Rothbard is worth remembering. Here's what they had to say.

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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

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Rich Millennials Plot the End of Civilization

CapitalismMedia and Culture

Blog12/22/2020

Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him. 

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Red and Blue States: It's Time for a Multistate Solution

Decentralization and SecessionDemocracyMajority Rule

Blog12/21/2020

Joe Biden says: "I will work as hard for those who didn't vote for me as those who did." Does anyone actually believe that?

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Rothbard and the Problem of Rules

Philosophy and MethodologyPolitical Theory

Blog11/13/2020

It makes sense that individual ethics can vary within a natural law framework: the nonaggression principle isn't so much a rule to be applied as a norm to be followed. It's the foundation that makes life among other people possible.

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