Mises Wire

A Mistaken Idea

Philosophy and Methodology

Blog07/24/2020

Is the fact that other intelligent and well-informed people are antimarket reason for us to be less confident in our promarket convictions?

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Adam Smith and Benevolence

CapitalismPhilosophy and Methodology

Blog05/15/2020

Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.

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As Oil Craters, Mexico's Government Still Bets on Its Oil Monopoly

Bureaucracy and RegulationSocialismWorld History

With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.

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A Puzzle about Mises and Conscription

War and Foreign PolicyPhilosophy and Methodology

Blog04/10/2020

Not only are conscripts enslaved, often under brutal conditions, they can be sent to die in battle. Mises opposed conscription, but there was an exception.

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A Fallacy about Negative Externalities

Philosophy and MethodologySubjectivism

Blog03/20/2020

Some people use the concept of negative externalities to argue for government to force people toward "what is best for them." An example of this is the call for a consumption tax.

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American Socialism Isn't Marxism—but It's Still a Problem

ProgressivismMedia and CultureSocialism

Blog02/29/2020

To effectively counter this brand of American socialism, it is important to properly identify the problem, and to attack with precision.

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A World Without Entrepreneurs

Free MarketsWorld History

Blog01/21/2020

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.

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A Desperate ECB Wants to Eliminate the Eurozone's "Only Saving Grace"

Big GovernmentGlobal EconomyMoney and Banks

Blog12/18/2019

The budgetary restraints that the eurozone placed on member states are now in the crosshairs of ECB President Christine Lagarde. 

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