Mises Wire

Non-Renewable Resources Never Really Run Out

The EnvironmentEntrepreneurship

Blog07/03/2019

Supply, demand, and prices affect human usage of natural resources in such a way that the most scarce and valued resources are economized and preserved. The practical effect is that valuable resources never really run out.

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Andrew Yang Fears Automation. He Should Fear Inflation.

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

06/28/2019Power & Market
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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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Is There a Limit to How Big a Corporation Can Get?

EntrepreneurshipMonopoly and Competition

Blog06/27/2019

Natural constraints on firm size are numerous, and in a truly free market, large firms would be constantly prone to being broken up and put out of business by competition. And all to often, huge firms become more long-lived due to government intervention.

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Review: Capitalism in America: A History

U.S. History

06/25/2019Quarterly Journal of Austrian Economics
Joakim Book reviews Greenspan and Wooldridge's 'Capitalism in America .' What could go wrong with a book from a former Fed chairman? Quite a lot!
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Three Times the Price of Gold Collapsed — And Lessons for Today

Money and BanksGold StandardMoney and Banking

Blog06/25/2019

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

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Per Bylund: ACT!

The EntrepreneurCapital and Interest TheoryEntrepreneurship

06/25/2019Audio/Video
Hunter Hastings and Per Bylund discuss why Austrian Capital Theory is the key to modern organizational design, contemporary business structure, and a high response business model.
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The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

06/20/2019Power & Market
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