Mises Wire

Unraveling the Fallacy of Natural Monopolies

Economic FreedomEconomic PolicyMonopoly and Competition


The presence of a "natural monopoly" is supposed to be a sufficient reason for government to intervene in the economy. But what if there truly is no such thing as a "natural monopoly"?

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Unleashing the Power of Greed: How the Free Market Propels Progress

Economic FreedomFree Markets


As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.

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Understanding Relationships between Money Supply and Liquidity

Monetary TheoryMoney Supply


Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.

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Understanding the Difference between Praxeology and Psychology

Philosophy and MethodologyPraxeology


Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.

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US Labor Market: Help Wanted!

Booms and BustsInflationUnemployment


Unemployment remains low but for the wrong reasons. Low unemployment rates are not a sign that the economy is doing well.

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Understanding the European Crisis: Interview with Václav Klaus

Free MarketsKeynesProgressivismWorld History


Europe is in crisis, thanks to its progressive leadership. Václav Klaus, former president of the Czech Republic, points out the problems and offers a remedy: free markets.

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Unscrambling Socialism from Our Economic Order: Wisdom from Leonard Read

Free MarketsSocialism


Leonard Read had much to say about how socialism already was entangled in our economic and social order.

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