Mises Wire

Why Entrepreneurs Are Different

The Entrepreneur

Blog09/09/2019

Entrepreneurial action provides the fuel for the constant mining of consumer value. If entrepreneurs cease acting in this way, consumers will cease to see innovation and growing value in the marketplace.

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What We can Learn from Liechtenstein

Decentralization and SecessionWorld History

Blog09/03/2019

The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.

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Why Employers Can't Exploit the Workers, Even if They Try

Blog09/02/2019

In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.

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Why Powell Fears a Gold Standard

Money and BanksMoney and Banking

Blog07/20/2019

The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities.

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World War I: A Revisionist Reading List

War and Foreign PolicyWorld History

Blog06/18/2019

These books and authors criticize the decision of the United States in 1917 to enter WWI, the bad results of the treaties that ended the war, and the propaganda designed to induce the public to accept the war against the Central Powers.

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World War II: A Reading List

War and Foreign Policy

Blog06/05/2019

These books and authors offer a more realistic view of the moral problems with the American state's conduct in "the good war," World War II.

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Why Economics Needs Philosophy

Austrian Economics OverviewPhilosophy and Methodology

05/31/2019The Austrian
People criticized economics and said “well, there’s something wrong with Austrian economics because it doesn’t depend on verifying things empirically,” Mises wanted to come up with a reply to that, so that was what really got him into philosophy.
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Why Turkey's Debt Crisis is a Bigger Risk to the Eurozone than the PIGS

Booms and BustsFinancial MarketsGlobal Economy

Blog05/21/2019

Unlike Greece, Italy or other seriously debt-laden economies, it’s not just government borrowing that’s the main risk to Turkey.

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