Mises Wire

It's No Bitcoin: Facebook's Libra Currency Is Tied to Government Currencies

Money and Banks

Blog06/28/2019

Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.

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Andrew Yang Fears Automation. He Should Fear Inflation.

06/28/2019Power & Market

Without inflationary money, automation means we can work less while at the same time have an even higher standard of living.

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The Economics of Healthcare: Market Failure or Faulty Models? (Part 2)

Health

06/28/2019Audio/Video
Accad and Koka discuss with Bob Murphy how economists conceive (or misconceive) of medical care, and what the implications are for the US healthcare system as a whole.
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Returns, Refunds, and Opportunity Cost

The EntrepreneurEntrepreneurship

Blog06/28/2019

A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.

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Government "Accountability" Isn't Real Accountability

Bureaucracy and Regulation

Blog06/28/2019

Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.

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Rest Easy, Justin

06/27/2019Power & Market

Justin Raimondo, longtime editor of AntiWar.com and a great friend of the Mises Institute, has died.

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