Mises Wire

Who Will Build the Roads? Anyone Who Stands to Benefit from Them.

Taxes and Spending


The appropriate question is not “Who will build the roads?” but rather “Who will pay for them without taxation?” History suggests the answer is "lots of people" and the "public goods" theory is wrong.

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Why Did Google Ads Ban LewRockwell.com?



Google says it can only tolerate "accurate" information and has banned LewRockwell.com from its advertising program. This position only makes sense if one makes some faulty assumptions about how information is spread. 

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Why a Bear Market in Bonds Points to a Weakening Economy

Money and Banks


Years of bubbles and malinvestment have a downside: the destruction of the productive, wealth-building parts of the economy. And that could mean higher interest rates.

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What the New Nobel Winners Get Wrong about Economics

Philosophy and MethodologyPraxeology


The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.

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We're Living in a Chaos Economy. Here's How to End It.


The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace.

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Why Today's Abusers of the Scientific Method Are So Dangerous



It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.

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Why Worrying about Everything Is Bad Foreign Policy


Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.

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Why Does Money Have Value? Not Because the Government Says It Does.

Money and Banks


Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.

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