Mises Wire

Three Ways to Increase Workers' Wages

Labor and Wages

Blog01/01/2020

Many hourly employees in every state are paid higher than they are legally required to be, not because employers are generous, but because of worker productivity and competition over scarce labor.

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To Be Useful, Data Needs Theory

Philosophy and Methodology

Blog12/28/2019

Statistical data is merely history, but a competent historian does not simply let the events speak for themselves. He arranges them according to the ideas underlying the general notions he uses in their presentation. He does not report facts as they happened, but only relevant facts.

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The Problem with Democracy? Letting Everyone Do It

Book Reviews

Blog12/26/2019

We don’t let just anyone repair our homes or perform surgery. So why do we let everyone vote, and, theoretically, let just anyone rule? Jason Brennan’s recommendation is epistocracy: the rule of the knowledgeable.

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The Battle in the War of Ideas

Blog12/26/2019

Our foremost mission is to fight back in the war of ideas, and we must.

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This Christmas, Let's Celebrate a Different Scrooge: Scrooge McDuck

The EntrepreneurMedia and Culture

Scrooge McDuck is the perfect type of a miser: a capitalist-entrepreneur — and the most philanthropic man (duck, I mean) in Duckburg.

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The Wealth Redistribution Scam that Is "Inflation"

Booms and BustsMoney and Banks

Blog12/24/2019

As money loses its purchasing power, income and wealth are stealthily redistributed. Some individuals and groups of people are enriched at the expense of others.

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Three Arguments Debunking Marx’s Labor Theory of Value

Labor and WagesSocialismOther Schools of Thought

Blog12/21/2019

As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.

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The Disaster of Zimbabwe's Price Controls

Global EconomyWorld History

Blog12/16/2019

Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.

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