Mises Wire

Freedom in Prices Ends Shortages. Even with Toilet Paper.

Blog04/25/2020

Whether we're talking about gasoline or toilet paper, the details of how the good is produced are irrelevant to the fact that price controls cause shortages. Only price freedom ends them.

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Finally Kicking the GDP Habit

Philosophy and Methodology

Blog04/18/2020

GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life.

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Fear Makes It Easy for Governments to Expand Power

Big GovernmentHealthLegal System

Blog03/25/2020

Why are governments so enthusiastic about shutting down businesses when other less draconian measures are available and prudent? The answer lies in the fact that governments can act with near impunity and want to maximize their power.

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Fail: Quantitative Methods Presume That Human Action Is Reflexive

Philosophy and MethodologyPraxeology

Blog03/21/2020

Quantitative methods can't be applied to human action, which is purposeful and not a mere reflex. For this reason, mathematical formulas can only describe events, never explain them.

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Fed Nominee Judy Shelton Wants Sound Money—and Lots of It

Money and BanksMoney and Banking

Blog01/21/2020

Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.

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Fed Policy vs. ECB Policy: A Comparison

Money and BanksMoney and Banking

The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.

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Freedom of Choice is What Sets Capitalism Apart — Not Competition

Blog01/28/2019

All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.

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