Mises Wire

Don't Take Liberties with Liberty

AntipoliticsFree Markets

Blog8 hours ago

When politicians speak of "freedom," they usually mean expropriating wealth from one person and giving it to another. That is not freedom at all. Perhaps a better word to use is "liberty."

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Did Colonialism Impoverish Africa and Asia? Perhaps Not

War and Foreign PolicyWorld History

Blog03/22/2023

Decolonization is a popular academic and media buzzword. But is colonialism actually responsible for poverty in developing countries? This question deserves an honest answer.

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Donald Trump Is Wrong about Tariffs and Mercantilism

PoliticsProtectionism and Free Trade

Blog03/20/2023

When he was president, Donald Trump raised tariff rates, promising it would revitalize American production. It was a costly boondoggle.

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Decorum Propels DC Deceit

Big GovernmentCronyism and CorporatismPoliticsWar and Foreign Policy

Blog02/13/2023

The president's SOTU speech has become an annual presentation of a new set of White House lies. But official Washington believes it is worse to publicly boo false statements than to make them.

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Does Government Create a "Level Playing Field" or Does It Make the Field More Uneven?

Bureaucracy and RegulationProgressivismSocialism

Blog02/08/2023

Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize that government itself creates the imbalances.

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Do Correlations Help Define Money?

The FedMoney and BanksGold StandardMonetary Theory

Blog01/28/2023

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

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Don't Call It Capitalism: The Fed's $8 Trillion Hoard of Financial Assets

Money and Banks

Blog01/19/2023

Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."

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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

Blog01/02/2023

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

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