Mises Wire

Returns, Refunds, and Opportunity Cost

The EntrepreneurEntrepreneurship

Blog06/28/2019

A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.

Read More

Remembering George Mason and the Virginia Declaration of Rights

Blog06/12/2019

June 12 was the day the Virginia Declaration of Rights, penned by George Mason, was ratified by the Fifth Virginia Convention in 1776. And it has pride of place as the first of several declarations of rights in the era.

Read More

Reaching the Next Generation

Blog05/07/2019

Help us distribute Hazlitt’s Economics in One Lesson to thousands of young people all across the country.

Read More

Ray Dalio's Hollow Lament

BiographiesMoney and BanksTaxes and SpendingPolitical Theory

Blog04/10/2019

Dalio played the game, by the rules of the game. Now he appears to say, "I've got mine, let's change the rules."

Read More

Rent Control Is Terrible: So Keep it Local

Decentralization and SecessionPoverty

Blog04/03/2019

Some states have proposed overturning laws that ban local governments from using housing policies like rent control. Rent control is terrible, but there's no reason to believe state governments ought to dictate housing policy to local governments.

Read More

Real Tax Rates in the 60s Were Much Lower than Ocasio-Cortez Thinks

Blog01/12/2019

Marginal tax rates in the 1950s and 1960s don't reflect how much wealthy taxpayers actually paid in taxes. They paid far less than Alexandria Ocasio-Cortez thinks.

Read More

Rothbard Was Right

History of the Austrian School of EconomicsPhilosophy and Methodology

If you want to know what Rothbard’s vision applied to contemporary America would be like in practice, you should look to Ron Paul. Dr. Paul’s career in Congress, marked by his opposition to war and the Fed, is the best example of the anti-elitist free market values that Murray supported.

Read More

Randomized Controlled Trials and Economic Questions

Blog12/27/2018

The Austrians have long argued that equilibrium models of economic phenomena cannot capture the causal, realistic aspect of human behavior. "All things are subject to the law of cause and effect," says Menger in the famous opening line of his Principles of Economics. Formal economic...

Read More
Shield icon wire