Mises Wire

Walter Williams: An Unlikely Proponent of Secession

U.S. History

Blog01/05/2021

Now is not the time to pine for the days of agreeable politics. In recent decades, the US has gone through radical political and cultural transformations that are making the country progressively ungovernable. 

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Subjective Value Is Not the Same as Arbitrary Value

Value and Exchange

Blog01/05/2021

Why do individuals pay much higher prices for some goods versus other goods? The answer requires understanding the law of diminishing marginal utility. 

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The Problems with Marx's Dialectic

Philosophy and MethodologyPolitical Theory

Blog01/05/2021

The Marxist dialectic was purported to explain every development in Soviet society. But so much wishful thinking was required that eventually it all just became a subject for jokes.

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Hoppe on the Lockdowns!

InterviewsProperty RightsStrategy

Blog01/04/2021

Decentralized decision-making is critically important in potential emergency situations, because only property owners have the skin in the game that that forces people to think long and hard about the consequences and side effects of their actions.

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National Currencies' Tragic Race to the Bottom

Money and Banks

Blog01/04/2021

The dollar has benefited mightily from the abandonment of commodity money, the Bretton Woods system, and the rise of competing fiat currencies. This is partly why the dollar has come to dominate international trade. 

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Why the 2020s Won't Be like the Roaring 20s

World HistoryMoney and Banking

Blog01/04/2021

The 1920s featured political détente, debt liquidations by prior consumer price inflation, an introductory stalling of monetary inflation, a German economic miracle, and a broad-based technological revolution. The 2020s have none of these. 

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The Betrayal of the Canadian Liberals

World History

Blog01/02/2021

The Canadian Liberal Party began as a party of classical liberalism, radically supportive of freedom and free markets. But those days are long over.

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The Cult of Smart

Book ReviewsEducation

Blog01/02/2021

The government spends vast amounts of money on educational programs that aim to give “equal opportunity” to those deemed disadvantaged, but there is little or no evidence that these programs achieve anything.

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