Mises Wire

What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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Why the Swiss Voted for More Gun Control

World History

Blog06/19/2019

What is particularly scary is that the whole argument for the new law was not really about saving lives or reducing gun violence, but is really about Brussels ordering Switzerland to modify gun laws to comply with EU gun control standards.

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Why Are Progressives so Bad at Governing?

Taxes and SpendingU.S. History

Blog06/19/2019

From crumbling public transport to rampant homelessness, progressive politicians are terrible at running the government once they are in power.

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World War I: A Revisionist Reading List

War and Foreign PolicyWorld History

Blog06/18/2019

These books and authors criticize the decision of the United States in 1917 to enter WWI, the bad results of the treaties that ended the war, and the propaganda designed to induce the public to accept the war against the Central Powers.

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Why Private Roads Would Have Fewer Traffic Jams

06/18/2019Power & Market

If prices were allowed to adjust to demand, the price of using a given highway would increase when more people want to use it and decrease when fewer people want to use it.

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