Mises Wire

What Margit von Mises Loved Most About Ludwig

History of the Austrian School of Economics

Blog02/14/2020

Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

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Wicksteed on Surplus Value

Blog02/14/2020

Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.

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Government "Fixes" for the Trade Balance Are Worse Than Any Trade Deficit

Protectionism and Free TradeValue and Exchange

Blog02/14/2020

The national trade account balance is of little economic significance and is a sterile concept. But the government’s attempts to "fix" it can have many harmful effects.

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Rothbard: The Constitution Was a Coup d'État

Book ReviewsU.S. History

Blog02/13/2020

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état. If Rothbard is right, the Constitution as written provides ample scope for tyranny.

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Foreign Aid Empowers Corrupt Regimes. End It.

Taxes and SpendingWar and Foreign Policy

Blog02/13/2020

US aid to foreign regimes helps free governments from having to raise funds from their own people. So, the recipients of foreign aid are likely to become less responsive and more corrupt.

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The Anticapitalist Front

Media and CultureSocialism

Blog02/12/2020

The rising generation is brought up in an environment that is engrossed in socialist ideas.

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US Mandatory Spending Projected to Increase Over a Trillion Dollars by 2023

Taxes and SpendingU.S. Economy

Blog02/12/2020

Even if discretionary spending stays flat, total government outlays are estimated to increase by more than $1 trillion, significantly above any measure of tax revenues. And that is without considering a possible recession.

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China's Economic Schemes Hurt the Chinese Most of All

Free MarketsGlobal EconomyProtectionism and Free Trade

Blog02/12/2020

Like Trump, I want China to stop manipulating its economy. But not for the same reasons Trump does.

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