Mises Wire

Mises Explains Why Socialism Fails

Blog11/07/2020

By abolishing private ownership for production goods, socialism abolishes the market for them, and makes it impossible for market prices to emerge and for costs of production to be computed

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The Absurdity of Lockdown 2.0

Big Government

Blog11/07/2020

As Ludwig von Mises said, “whoever wants peace among nations must seek to limit the state and its influence most strictly.” This is applicable to peace within nations, too.

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A Vital Book for Our Time

Book ReviewsMoney and Banks

We face a blowback “fueled by years of US imperialistic and lawless behavior around the world, and finally triggered by a critical mass of resentment of the US."

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John Rawls's Theories Help Refute John Rawls's Theories

Philosophy and Methodology

Blog11/06/2020

Rawls’s doubts about global justice make him an effective critic of his own theory of justice.

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The Rise of Mega–Gambling Facilities: A New Skyscraper Curse?

Booms and BustsFinancial Markets

Blog11/06/2020

Circa casino’s new three-story, 78 million–pixel, high-definition screen in its sportsbook gambling compound may represent a new frontier in mega–building trends similar to those of skyscrapers. 

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How the Left Uses "Science" To Extend Its Bias In Media and Academia

Blog11/05/2020

The 2020 election results will be a test of earlier liberal/progressive “investments” in modifying how Americans think about things. But at this point, perhaps more important will be whether, after the fact, people recognize how much they have been manipulated.

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Digitization Fueled by Easy Money and Covid Lockdowns Is a Form of Malinvestment

Booms and BustsWorld History

Blog11/05/2020

Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.

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Rothbard’s Refutation of the Quantity Theory of Money

Blog11/05/2020

Rothbard provides three main reasons why  Irving Fisher’s equation of exchange—which underlies the monetarist quantity theory of money—is useless. 

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