Mises Wire

Risk and Uncertainty

Calculation and KnowledgePhilosophy and Methodology

Blog09/11/2020

The distinction between risk and uncertainty is a key tenet of the Austrian school. Mainstream neoclassicists reject it.

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Roosevelt’s Fraud at Yalta and the Mirage of the "Good War"

U.S. HistoryWar and Foreign PolicyWorld History

Blog09/07/2020

The fact that Yalta can now clearly be seen to have been a betrayal is another reason to be wary when pundits and talk show hosts jump on the bandwagon for the next killing spree abroad

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Rothbard and Double Restitution

Legal SystemPhilosophy and Methodology

Blog09/04/2020

Economists who have written on punishment find Rothbard's “double restitution” idea puzzling, because they think about it only in terms of economic efficiency. But Rothbard's theory is based on a moral principle.

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Reflections on the Failure of Socialism

SocialismPolitical Theory

Blog08/10/2020

Eastman saw Lenin as a dogmatist guilty of great crimes, and socialism a recipe for disaster. Reflections on the Failure of Socialism is the record of his insightful assault on socialism and his defense of the free market.

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Rothbard on Substitutionism

The Police StateWar and Foreign PolicyPhilosophy and Methodology

Blog06/26/2020

Rothbard has explained how it is wrong to equate what would be reasonable for a private protection agency with what is permissible for the state.

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Repealing Useless and Abusive Laws Might Do More Good Than "Defunding" the Police

Legal SystemStrategyThe Police State

Blog06/23/2020

"Defunding" the police isn't likely to actually lessen the control the state has over our lives. But repealing countless laws that give police far too much power would certainly help.

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Rothbard's Rules

Booms and BustsU.S. HistoryInterventionism

Blog06/11/2020

Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.

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Riots: Not Fun nor Profit for the Rest of Us

ProgressivismMedia and CultureThe Police State

Riots are not the answer to police abuse. The answer lies in making drastic reforms to how police agencies function, up to and including privatization. Contrary to the popular narrative, it's not just nonwhites who are in danger. We're all targets of the state's enforcers.

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