Mises Wire

Should We Use Probability in Economics?

Money and BanksMoney and Banking

Blog02/14/2018
The numerical probability is only relevant in the sphere of non- economics where homogeneous cases are observed.
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Stop Telling Me to "Shop Locally"

Protectionism and Free TradeMonopoly and Competition

Blog12/04/2017
Small mom-and-pop shops are overrated — but they're getting better thanks to competition from firms like Amazon.
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Seattle's Minimum Wage Supporters Ignore the Facts

Bureaucracy and RegulationU.S. History

Blog07/25/2017
Early data showed the Seattle minimum wage experiment is hurting those its supposed to help. So, the city fudged the data.
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Sound Money Is Rising at the State Level

Money and BanksGold StandardMoney and Banking

Blog03/06/2017
Legislatures in Idaho and Arizona are working to lower barriers to use of precious metals as money.
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Should Cash be Abolished?

Money and BanksMonetary TheoryMoney and Banking

Blog01/29/2017
The usefulness of money depends on it having some connection to physical money. Reducing money to a digitized abstraction would be a disaster.
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