Mises Wire

The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

10 hours agoPower & Market

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.

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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Economics 101: More Wealth Means Less Poverty

06/10/2019Power & Market

Tweeting about poverty and wealth is quite instructive. It's obvious that many feel very strongly about it yet know so little.

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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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Central Banks' Forecasts Are Basically Garbage

Money and BanksMoney and Banking

Blog05/22/2019

Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.

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Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

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"Free" College Won't Improve Education

05/17/2019Power & Market

Colleges already are too dis-connected from market-based rewards for education that teaches real marketable skills. The plans for "free" college would make this even worse.

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