Mises Wire

Social Media Companies Aren't the Good Guys. They're Also Not Monopolists.

Media and CultureMonopoly and Competition

Blog10/24/2020

Social media has lied about user privacy and has misled the public about the platforms' status as open forums. But none of this makes these companies monopolies. 

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Setting the Record Straight on Income Inequality

Blog10/12/2020

Growing material propserity does not require equality. In fact, equality has nothing to do with building a system that benefits workers and the poor.

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Stop Blaming Classical Liberalism for the Problems of Human Nature

Blog10/09/2020

Liberalism in the tradition of Mises and Hayek will not solve the problems of human nature, but it can help to establish a social system in which humans can live peacefully with material prosperity.

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Self-Defense and "Taking the Law into Your Own Hands"

It's increasingly clear two things are going on: leftists are very interested in taking their rioting and looting far beyond city limits, and government police are not interested in doing much about it.

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Soviet Terror Was the Natural Evolution of Marx's Communism

SocialismWorld History

Blog09/26/2020

Thomas Sowell has explained that while "Marx may have explicitly advocated the idea of a democratic workers’ government, his own personal style was dictatorial, manipulative, and intolerant."

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Should Investors Focus on Risk Rather Than Profit?

Financial Markets

Blog09/25/2020

The stock market does not have a life of its own. In a relatively free economy, success or failure of investment in stocks depends ultimately on the same factors that determine success or failure of any business.  

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Slavery in the Asante Empire of West Africa

World History

Blog09/23/2020

The Asante (or Ashanti) Empire of West Africa is a reminder that slavery and political conquest are not at all unique to Europeans.

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Should Billionaires Exist?

SocialismTaxes and Spending

Blog09/21/2020

It may be emotionally satisfying for many to favor sticking it to billionaires, but reason informs us that in so doing it is the poor who would end up paying the steepest price.

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