Mises Wire

In Some Countries, Lockdowns May Be the "New Normal"

Health

Blog03/10/2021

While some countries in Europe are showing signs of lifting all restrictions soon, Ireland’s so-called leaders are telling citizens it cannot be guaranteed that they’ll even be able to holiday in their own country this summer.

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What Does GDP Really Tell Us?

U.S. History

Blog03/10/2021

"Any concept of average price level involves adding or multiplying quantities of completely different units of goods, such as butter, hats, sugar, etc., and is therefore meaningless."

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Antal Fekete, Gold, and Central Banks

Monetary PolicyMoney and Banks

Blog03/09/2021

Fekete was one of the few old Europeans to recognize the central role of money: on the positive side as a means of amicable division of labor, on the negative side as a casualty and lever of political intervention.

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Scam Baiters Take an Active and Entertaining Role in Fighting Cybercrime

Decentralization and SecessionLegal SystemStrategy

Blog03/09/2021

US government agencies like the FBI remain incapable of bringing foreign online scammers to justice. Fortunately, in their place, internet “vigilantes” have answered the call to action.

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Value Is Subjective: Neither Gold Nor Crypto Have "Real Value"

Money and Banks

Blog03/09/2021

The fact that gold can be used for, say, industrial purposes does not mean it has "real value" while more intangible goods and services have none.

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Wind Power Is a Disaster in Texas, No Matter What Paul Krugman Says

The Environment

Blog03/08/2021

Normally the boosters of renewable energy point with pride to Texas, yet when wind collapsed during the deep freeze, suddenly even its biggest fans admit that nobody ever thought it could do the same job as natural gas.

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Capital and Labor Both Suffer under Minimum Wage Mandates

Bureaucracy and Regulation

Blog03/08/2021

Rising unemployment is just one outcome of minimum wage mandates. Capital accumulation and labor productivity will also be hurt. 

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Why Europe's Left Wants a European Financial Superstate

Global EconomyMoney and Banking

Blog03/08/2021

If Europe wants to build wealth for its poorest members, it needs private entrepreneurship. But entrepreneurs need exactly the opposite of the Keynesian plan for building a European superstate. 

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