Mises Wire

Economic Theory Begins with Human Action, Not Data Sets

Booms and BustsFree MarketsAustrian Economics OverviewPraxeology

Blog04/25/2022

Austrian economics begins with logical deductions made from what we know about human action, not data sets that are subject to change.

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Expect Washington to Throw a Fit over China's New Deal with the Solomon Islands

Money and BanksWar and Foreign Policy

Blog04/20/2022

Washington regards the entire world as its "sphere of influence." But now Beijing is looking to follow the US playbook on hegemony and expand Beijing's network of military bases abroad.

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European Environmentalists Have Made Energy Independence Impossible

The Environment

Blog03/30/2022

Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.

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End the Fed and Get More Doritos

Money and Banks

Blog03/23/2022

Another gift of the inflationary Fed: Frito-Lay recently began putting fewer chips in a bag of Doritos, reducing the weight of a bag about five percent from 9.75 ounces to 9.25 ounces in the process.

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Egypt Is Still Haunted By Its Ghosts of Socialism

DemocracyEconomic FreedomSocialismPolitical Theory

Blog03/18/2022

It has been more than fifty years since Egyptian strongman Gamal Abdel Nasser died, but his unfortunate legacy of imposing socialism on Egypt still harms the nation and its economy.

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Economic Calculation

Calculation and Knowledge

Blog03/14/2022

A socialist management would be like a man forced to spend his life blindfolded.

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Eileen Gu, Jingoism, and Olympic Politics

Blog02/28/2022

The idea that an athlete—in this case, Eileen Gu—somehow "betrays" her country by playing sports for a foreign team is the worst kind of jingoism.

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Economic Knowledge Is Qualitative, Not Quantitative

Austrian Economics OverviewOther Schools of Thought

Blog02/23/2022

Mainstream academic economists believe that we advance economics by "testing" theories. Austrian economists believe economics is about understanding human action and does not have to be subjected to constant tests.

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