Mises Wire

The United States Needs Its Own Javier Milei

AntipoliticsDemocracyEconomic PolicyWar and Foreign Policy

Blog11/22/2023

While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.

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Can Econometric Models Provide a Laboratory Setting for Economic Analysis?

KeynesEntrepreneurshipPhilosophy and Methodology

Blog11/21/2023

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.

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Fear of Failure is Vital to the Success of a Free Market Economy

Corporate WelfareThe FedFree MarketsStrategy

Blog11/21/2023

What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.

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Milei's Long-Term Victory Depends on Him Winning in the Battle of Ideas

Blog11/20/2023

Free-market intellectuals, activists, and columnists must never tire of endlessly recapitulating the truth about freedom, free markets, and peace. So long as a sizable portion of the Argentine public thinks the Peronists "get it right," no free-market reformer can succeed.

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Libertarianism and the Importance of Understanding Causality

Booms and BustsLibertarianismAustrian Economics Overview

Blog11/20/2023

A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.

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Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists

Cronyism and CorporatismMedia and CulturePoliticsWar and Foreign Policy

Blog11/20/2023

Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever.

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Rothbard, Milei and the New Right in Argentina

AnarchyCapitalismLibertarianismPolitics

Blog11/20/2023

Instead of the usual statist candidates, Argentine voters have elected a self-proclaimed Rothbardian who is calling for radical free-market changes in the nation's economy.

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America the Obese: How Taxpayers Are Forced to Ruin Their Health

Corporate WelfareEconomic PolicyProtectionism and Free TradeU.S. History

Blog11/18/2023

Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.

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