Mises Wire

Why Cause-of-Death Stats Aren't as Reliable as the CDC Wants You to Think

U.S. History

Blog05/25/2021

Like any other piece of aggregate government data, cause-of-death data is used to justify new government interventions and policies. But there are good reasons to suspect there are many problems in compiling and auditing this data.

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What Igbo Culture Teaches Us about Capitalism

World History

Blog05/24/2021

The Igbo ethnic group in Africa is known for entrepreneurship, economic success, and a high degree of individualism. The group's cultural background can help us understand how culture and capitalism reinforce each other. 

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Why the Misuse of the Word "Efficiency" Is Such a Problem

Value and Exchange

Blog05/21/2021

"Efficiency" has largely been demoted from a useful term of analysis and insight to little more than another warning that the government is about to rip you off with another redistribution scheme. 

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What Does "Seasonally Adjusted" Mean?

U.S. History

Blog05/19/2021

Without a coherent theory, it is not possible to begin to understand the causes of business cycle and no amount of data torturing by means of the most advanced mathematical methods will do the trick.

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Why Fungibility Is Important in Understanding Money and Crypto

Money and Banks

Blog05/12/2021

One of the most in-demand aspects of physical cash is that it is totally fungible. Every dollar is the same as every dollar. But cryptocurrencies can leave a digital trail which may lead to later problems in fungibility. 

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We Cannot Build an Economy on Lies

U.S. History

Blog05/11/2021

American journalists and academics have invented a fairy tale in which "free market orthodoxy" has dominated political thinking in America for the past forty years. This is not even slightly true, but pundits repeat the lie again and again. 

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Washington's Bipartisan Fiscal Folly

World History

Blog05/10/2021

Donald Trump—despite adopting a number of economically intelligent policies—was completely unwilling to rein in federal spending. Then things got even worse. 

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What Happens When Governments Force Corporate Boards to Appoint More Women

Bureaucracy and Regulation

Blog05/05/2021

Recent legislation in California mandates more women on corporate boards. This is supposed to shift the balance in corporate America in favor of female employees and managers. It doesn't seem to be working. 

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