Mises Wire

"Build Back Better": Why Are Both Biden and Boris Now Using This Phrase?

Blog10/12/2020

The fact Boris Johnson and Joe Biden are both using the phrase "build back better" is bad news. It's a phrase pioneered by groups twisting the covid-19 pandemic into a pretext for extreme “green” policies.

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A Critique of the Labor Theory of Value

Prices

Blog10/10/2020

In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.

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Japan Embraced Debt as a Way out of Its Budget Crisis. It's Not Working.

In Japan, huge social security expenditures have been simply monetized by the Bank of Japan at the expense of the overall welfare and the economic prospects of Japan’s youth.

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The Great California Exodus

Blog10/10/2020

Today, those with a modicum of judgment and respect for their pocketbook are heading anywhere that is not named California, attempting to flee the incompetent mismanagement of Governor Gavin Newsom.

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The Economics of Government Regulation

Blog10/09/2020

When the state interferes with the market in order to bring about a different use of the productive factors it can only impair the supply, it cannot improve it.

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Can Rawlsian Democracy Coexist with Markets?

Philosophy and Methodology

Blog10/09/2020

To adopt a Rawlsian account of justice, you have to accept democratic participation in a strong sense. For Rawls, the people in a society must decide political questions together.

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Stop Blaming Classical Liberalism for the Problems of Human Nature

Blog10/09/2020

Liberalism in the tradition of Mises and Hayek will not solve the problems of human nature, but it can help to establish a social system in which humans can live peacefully with material prosperity.

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The Second Act Will Be Worse Than the First: Lockdowns Are Not the Answer

HealthMedia and Culture

Blog10/08/2020

Given the overt hostility that progressives have toward private enterprise in the first place, politicians will take shutdown-caused shortages and empty shelves as “proof” that private enterprise has failed.

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