Mises Wire

The Seen and the Unseen of "Waste"

Value and Exchange

Blog01/04/2020

When a farmer leaves some unharvested crops in the field, they are not "wasted." Real waste would be found in efforts to use up every last physical resource, no matter how costly those efforts might be.

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Three Bad Arguments for the Minimum Wage

Blog01/04/2020

Many advocates for minimum wage hikes argue that the hikes are good for the businesses themselves. But if that were true, the businesses would happily hike wages.

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The US's Latest Bombing Shows the US Lost the Iraq War

War and Foreign PolicyWorld History

Blog01/03/2020

"To recognize that the Baghdadi government is an enemy of the United States is to acknowledge that not only was the Iraq war a mistake, but that its outcome was a boon for Iran."

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Thoughts on Tyler Cowen's "State Capacity Libertarianism"

01/01/2020Power & Market

George Mason University economist Tyler Cowen has penned a brief manifesto for "State Capacity Libertarianism."

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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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This President Was Impeached for Being Insufficiently Pro-War

12/31/2019Power & Market

There are certainly good reasons to impeach presidents, but Trump's alleged "treason" isn't one of them.

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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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