Mises Wire

America's Elites—Not Trump—Are Responsible for Undermining American Democracy

Big GovernmentDecentralization and SecessionPolitical Theory

Blog11/19/2020

It appears that 2020 may be the year that finally proves that the façade of democracy is not enough to maintain a unified political body. 

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Böhm-Bawerk Explains Why Marxist "Exploitation" Is Nonsense

SocialismCapital and Interest TheoryProduction Theory

Blog11/11/2020

Marx’s theory of exploitation forms the foundation of all his work. But Marx couldn't tell the difference between profit and surplus, exposing the incoherence of his theory. 

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Digitization Fueled by Easy Money and Covid Lockdowns Is a Form of Malinvestment

Booms and BustsWorld History

Blog11/05/2020

Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.

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Lockdowners and "the Desire to Dominate"

Blog11/03/2020

Bizarrely, people from Paul Krugman to Tyler Cowen seems to think that libertarians rule the world and that everything that has gone wrong is libertarians’ fault.

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Why There is No Such Thing as an Exploitative Monopoly in a Free Market

Cronyism and CorporatismProtectionism and Free TradeMonopoly and Competition

Blog10/26/2020

What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.

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Will Democracy’s Myths Doom Liberty?

Blog10/23/2020

If Biden is elected, we will hear the same “redemption” storyline that was trumpeted when Obama replaced (temporarily) disgraced George W. Bush. The  media will insist that Biden's inauguration purifies Uncle Sam.

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Pandemic Follies: Tyranny Won’t Keep Us Safe

Big GovernmentHealth

Blog10/13/2020

Because politicians have no liability for the economic damage they inflict, they have no incentive to minimize the disruptions they decree.

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Covid and the Escalation of Medical Tyranny

Big GovernmentHealthInterventionism

Blog10/06/2020

Covid has exposed how easy it is for government to weaponize healthcare. How long will the doctor-patient relationship remain sacred?

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