Mises Wire

What the New Nobel Winners Get Wrong about Economics

Philosophy and MethodologyPraxeology

Blog10/12/2021

The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.

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We're Living in a Chaos Economy. Here's How to End It.

Blog10/12/2021

The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace.

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Why Today's Abusers of the Scientific Method Are So Dangerous

Philosophy

Blog10/11/2021

It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.

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Why Worrying about Everything Is Bad Foreign Policy

Blog10/07/2021

Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.

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Why Does Money Have Value? Not Because the Government Says It Does.

Money and Banks

Blog10/06/2021

Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.

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Why Americans Would Benefit from a Government Default

Big GovernmentTaxes and Spending

Blog10/05/2021

With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity. 

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Why Businessmen Make Such Unimpressive Politicians

U.S. History

Blog10/05/2021

The fact a politician may have prior experience as a "savvy businessman" is irrelevant to the business of the state. States are nothing like private sector businesses, and business skills mean little. 

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Without Lockdowns, Sweden Had Fewer Excess Deaths Than Most of Europe

Blog10/04/2021

Although the experts assured us Sweden would experience a disaster and a bloodbath without covid lockdowns, the Nordic nation has fared better than Europe on excess deaths. 

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