Mises Wire

Why Capital Needs Entrepreneurs

Capital and Interest TheoryMoney and Banking

Blog12/31/2018

It is not true that capital — once created — will lead to future wealth gains forever into the future. Only constant adaptation — via entrepreneurs — can make sure that the production process will provide the flow of consumption goods in the periods to come.

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Why Liechtenstein Works: Self-Determination and Market Governance

Decentralization and SecessionStrategy

Blog12/24/2018

Being so small, Liechtenstein's government must provide services in a way that make it attractive to its citizens, many of whom could easily invest their wealth elsewhere.

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Why Tariffs Won't Create Jobs or Help the Auto Industry

Blog12/06/2018

In a world with complex global supply chains, nearly every manufacturer must import parts and supplies to produce goods and services. The auto industry is no different.

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Who Conserves Our Resources?

Bureaucracy and RegulationThe Environment

Conservation will take place where individuals are allowed to seek solutions. Necessity is the mother not only of invention but of conservation as well.

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Why Popular Tourist Spots Will Be Increasingly Privatized — And Access Will be Limited

Media and CultureWorld History

Blog12/03/2018

If the world's most popular historical sites are to be preserved from overuse by tourists, ownership of these places will need to be more forcefully established, and access more carefully controlled.

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Why Politicians Love the Amazon Deal

Bureaucracy and RegulationTaxes and Spending

Blog11/16/2018

"Economic development" schemes, like those used to attract big corporate headquarters to one's city, are really just a type of governmental central planning.

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Where Is Brazil Headed Now?

Global EconomyWorld History

New Brazilian president Bolsonaro does not pretend to understand much about economics, but some of his advisors may move in the right direction.

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Why Bad Economics Makes Such Good Politics

Bureaucracy and RegulationTaxes and Spending

Blog11/02/2018

When the advocate for a new tariff or a new regulation says he's willing to pay a few bucks more for the "good" of society — what he really means is you should pay more, whether you like it or not.

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