Mises Wire

Savings vs. Money: Which Is More Important?

Booms and BustsMoney and Banks

Blog4 hours ago

It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.

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Socialism and the Anarchy of Production

Socialism

01/24/2020The Journal of Libertarian Studies
Why is it impossible for anyone to develop a comprehensive plan of production as a whole? This article explains, applying the conclusion to the experience of the Soviet Union.
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Secession in Virginia Would Defuse the State's Conflict over Guns

Decentralization and Secession

Blog01/24/2020

If opponents of the current ideological winds blowing in Virginia find themselves in a permanent minority, it may very well be that the only method of defending the minority position is by leaving the state. But "exit" can theoretically be obtained in more than one way.

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Subprime Loans Will Be Back with a Vengeance in 2020

Booms and BustsFinancial Markets

Blog01/14/2020

After lying dormant for several years in the aftermath of the Great Recession, the subprime market has returned with a vengeance. Subprime has become prevalent in every facet of the credit industry, and we should be terrified.

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Successful Entrepreneurs Learn from a Constantly Changing Marketplace

The EntrepreneurEntrepreneurship

Blog12/24/2019

Successful entrepreneurial strategy incorporates learning of all types from trial and error. What other choice is there for entrepreneurs, since they are not omniscient or omnipresent in market processes?

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Socialism and the Green New Deal: Choose One

The EnvironmentPolitical Theory

Blog12/09/2019

Central planners cannot calculate the costs and benefits of environmental policy.

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Serving the Consumer: The Secret to Walt Disney's Success

Blog12/05/2019

Had consumers in 1938 been uninterested in a feature-length cartoon, Snow White would have bankrupted the Disney studio. Instead, Walt Disney was richly rewarded for his risk-taking.

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Some Fundamental Differences between Ludwig von Mises and Nassim Taleb

Philosophy and Methodology

Blog11/30/2019

Taleb maintains he’s a statistically-oriented orthodox economist. But I don’t think he understands what people mean by “orthodoxy.”

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