Mises Wire

A New Introduction to Austrian Economics

Book Reviews

Blog12/24/2020

“The General Theory was published in 1936 and Hayek decided not to respond directly. In making this decision, Hayek committed what many defenders of the free market system consider to be one of the major tactical errors of this century.” 

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California Voters Defeated Affirmative Action and the Left Was Very Surprised

Legal SystemMedia and Culture

Blog12/24/2020

Ideally, political elites would like nothing more than state-sponsored ethnic conflict. Having multiple groups pitted against each other in petty political squabbles makes effective opposition against the managerial class virtually impossible. 

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2021's Deficit Spending Is Already Out of Control. Here's Why That's a Problem.

Taxes and Spending

Blog12/23/2020

Deficits still matter, largely because they require monetary policies that lead to bubbles, inequality, and the slow Japanization of the US economy. 

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Why It's Important to Make the Moral Case for Capitalism

CapitalismMedia and CulturePhilosophy and Methodology

Blog12/23/2020

Yes, capitalism is more efficient than socialism, but to build a compelling argument for free market capitalism, defenders of liberty must also articulate that it is a superior moral system.

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The Problem with Mandatory "Socially Responsible Investing"

Financial MarketsFree MarketsTaxes and Spending

Blog12/23/2020

There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least. 

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Pelosi's "Mandate": What "Consent of the Governed" Really Means

Democracy

Blog12/22/2020

What does "the consent of the governed" mean? In 2020, 53 percent of US residents either voted for someone other than Trump or Biden, or didn’t vote at all. It also means about 75 percent of the population did not vote for Biden. 

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Rich Millennials Plot the End of Civilization

CapitalismMedia and Culture

Blog12/22/2020

Millennial Sam Jacobs went off to college a wealthy but normal young man and came back a socialist. Suddenly his family’s “extreme, plutocratic wealth” became too much of a burden for him. 

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Why the Marketplace Is Not a Zero-Sum Game

CapitalismMedia and Culture

Blog12/22/2020

Market progress through entrepreneurship and innovation means increased production. In a world of scarcity, that benefits all of us in society. That makes it a positive-sum game.

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