Mises Wire

Digitization Fueled by Easy Money and Covid Lockdowns Is a Form of Malinvestment

Booms and BustsWorld History

Blog11/05/2020

Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.

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Rothbard’s Refutation of the Quantity Theory of Money

Blog11/05/2020

Rothbard provides three main reasons why  Irving Fisher’s equation of exchange—which underlies the monetarist quantity theory of money—is useless. 

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The Election Was a Tie. Now What?

Blog11/04/2020

The winner doesn’t represent “the nation.” There is no consensus. We’re not coming together “as a people.” These tired slogans should now strike every intelligent person as nonsense.

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Good News: Covid Is Driving More Parents to Homeschool

Blog11/04/2020

The current pandemic environment has opened up new approaches to schooling such as co-ops, learning pods, and unschooling. 

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Why Asset Bubbles Involve So Much More Than Just Rising Prices

Booms and BustsMonetary Policy

Blog11/04/2020

What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.

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Marxism in Africa: Why So Many African Economies Failed after Independence

SocialismWorld History

Blog11/04/2020

The brutal rejection of capitalism in favor of socialism by African politicians at independence was largely due to a deep-seated misconception that equates capitalism to colonialism.

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Socialists Have Never Shown How They Could Increase the Standard of Living

Blog11/03/2020

Fighting erroneous socialist doctrines is not a special interest of a single class but the cause of all; everyone would suffer under the limitation of production and of progress entailed by socialism.

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Why Threats of Election Violence May Be Here to Stay

U.S. History

Blog11/03/2020

A repeated pattern of close elections accompanied by threats of violence (or actual violence) is a sign that something is wrong with a nation's political system.

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