Mises Wire

Climate Change Policy Isn't Worth Its High Cost

The EnvironmentPlanning

Blog2 hours ago

The doomsday mantra of climate activists is guided by antihumanism and a desire for control. This worldview is a grave danger to human flourishing.

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Deflation Doesn't Undo the Problems Caused by Past Inflation

Economic PolicyInflationPlanning

Blog7 hours ago

A deflationary policy is just another type of intervention and in this sense it sets in motion a different form of the misallocation of resources.

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"The E Stands for Excellence": A Tribute to Walter E. Williams

Biographies

Blog7 hours ago

Williams’s impressive ability to speak on wide-ranging issues with unusual clarity derived from his steadfast commitment to the “economic way of thinking.”

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There Is No Chinese Economic Miracle

Economic PolicySocialism

Blog12/04/2020

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

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The Problem of Measuring the Utility Gained from Taxes

Philosophy and MethodologySubjectivismValue and Exchange

Blog12/04/2020

Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another. 

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Thanks to Lockdowns, American Big Cities May Not Be Worth the Trouble Anymore

Media and CultureU.S. History

Blog12/04/2020

Without the culture, the life, the hum, and the energy of the city, without the shopping and walks, the theater or a ball game, city life now has all of the costs and none of the comforts.

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The Wisdom of Walter Williams

Blog12/04/2020

"My definition of social justice: I keep what I earn and you keep what you earn. Do you disagree?...how much of what I earn belongs to you—and why?"

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How Walter Williams Helped Me Lose a Job

Blog12/03/2020

Walter Williams believed free markets provided the best way for humans—and especially people born on lower rungs of the economic ladder—to advance materially and in other ways, too.

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