Mises Wire

The Worse-than-Medieval Economics of Climate Technocrats

The EnvironmentPhilosophy and MethodologyPricesProduction Theory


Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics.

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The More Complex the Society, The Less Government Control We Need

Big GovernmentEconomic FreedomHayekLiberalism


Progressives claim that perhaps individual freedom might be appropriate for a simpler society but that as society grows more complex, the need for government grows. As Leonard Read pointed out, however, greater complexity requires greater freedom, not less.

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The Problem with Joe Manchin's Centrism

DemocracyMajority RuleU.S. EconomyU.S. History


Sen. Joe Manchin says he is retiring because of legislative divisions that keep Congress from finding political “solutions” to the nation’s problems. In truth, Congress is more united than the people they supposedly represent.

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The TSA Is Still Crazy after All These Years

Big GovernmentBureaucracy and RegulationThe Police StateU.S. History


In the past two decades, the TSA has proven it is ineffective in providing real security for airline passengers. However, its growing incompetence is matched only by its increasing intrusion into travelers' lives.

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The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

Booms and BustsEconomic PolicyMonetary PolicyBusiness Cycles


While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.

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Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently

EducationMedia and CulturePhilosophy


Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self.

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The Eurozone Disaster: Between Stagnation and Stagflation

Money and Banks


The problem of the eurozone is not China, rate hikes, or the Ukraine war. The curse of the eurozone is central planning. Subsidizing obsolete sectors and zombie firms, bloated government spending, and high taxes.

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These Four Things Are Keys To Building the Wealth of Nations

CapitalismEconomic FreedomGlobal EconomyWorld History


Humanity progressed very slowly from the fall of the Roman Empire to almost the nineteenth century. Then came the Industrial Revolution, which changed everything.

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