Mises Wire

Economic Calculation

Calculation and Knowledge


A socialist management would be like a man forced to spend his life blindfolded.

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Eileen Gu, Jingoism, and Olympic Politics


The idea that an athlete—in this case, Eileen Gu—somehow "betrays" her country by playing sports for a foreign team is the worst kind of jingoism.

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Economic Knowledge Is Qualitative, Not Quantitative

Austrian Economics OverviewOther Schools of Thought


Mainstream academic economists believe that we advance economics by "testing" theories. Austrian economists believe economics is about understanding human action and does not have to be subjected to constant tests.

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European Government Expansion Did Not Expand the Job Markets

Big GovernmentBureaucracy and RegulationCapitalismCronyism and CorporatismEconomic FreedomSocialismEntrepreneurship


Massive "fiscal stimulus" programs by European governments failed to reduce unemployment. The latest buzzword from the Continent is the "entrepreneurial state," based upon the delusion that government spending and regulation are responsible for wealth creation by private entrepreneurs.

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Elections Now Decide Who Can Operate Your Car

Bureaucracy and Regulation


With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired."

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Equality and Fairness for All but Property Owners

U.S. History


Since discrimination in any form is not aggression, force, coercion, violence, or threat, it should never be considered a crime.

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Ending Fiat Money Won't Destroy the State

Money and Banks


When we ask ourselves the question, “Can states survive without fiat currency?” the answer is clearly yes.

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Equality and Envy



There are many reasons why activists and intellectuals oppose inequality. Envy is one of them.

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