Mises Wire

Capital is a Mystery to Alexandria Ocasio-Cortez

Capital and Interest Theory

Blog04/04/2019

While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.

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Can Government Stimulus Bring Us Out of Recessions?

Money and BanksMoney and Banking

Blog04/02/2019

Expansionary monetary policy causes economic recessions. It doesn't cure them.

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Can the EU Survive the Next Financial Crisis?

Cronyism and CorporatismGlobal EconomyMoney and Banking

Blog03/29/2019

Existing political tensions within the EU are certain to escalate as the EU falls behind in global economic power, and Brussels, hooked on profligacy, for the first time faces budget cuts.

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Can Free Private Cities Replace the State?

Decentralization and Secession

Blog03/29/2019

"Free private cities" are similar to microstates but are based on the idea of explicit contractual agreements between residents and the city government. How would these entities function?

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Capitalist "Expropriation": Resentment versus Reality

Political TheoryValue and Exchange

Blog03/27/2019

Being resentful about a business transaction after the fact isn't the same thing as being exploited or abused.

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Central Banks Shouldn't Fight Deflation

Money and BanksMoney and Banking

Blog03/26/2019

The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.

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Climate Change Activist Admits: Being Green "Requires the End of Capitalism"

Blog03/22/2019

Anti-climate-change schemes will hit people in the developing world hardest. And when it comes to dealing with an uncertain future, poorer parts of the world are the places that will need fossil-fuel-powered technologies and capital most.

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Classical Economics vs. The Exploitation Theory

World HistoryCalculation and KnowledgeCapital and Interest TheoryMonetary TheoryOther Schools of Thought

03/21/2019Mises Daily Articles
Not only is capitalism not a system of the exploitation of labor, but the real system of the exploitation of labor is socialism.
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