We Need Markets to Cope with Climate Change
The enviro-socialist “climate emergency” crowd was busy earlier this month trying to launch the human equivalent of a cattle stampede by getting pe
Mises Wire
Keynesian Economists Ignore Say’s Law. We’re Paying the Price.
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
What We can Learn from Liechtenstein
The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.
The Wealth of the Wealthy
The Walton family (the owners of Walmart) is currently worth about $190 billion.
How GDP Measures Help Create the Illusion that Money Pumping Grows the Economy
Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.
Why Employers Can’t Exploit the Workers, Even if They Try
In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.
The New York Times Gets Slavery (and Capitalism) Wrong, Yet Again
If violence is the key to creating wealth, as Desmond insinuates, then the communist nations would have created fabulous amounts of wealth given the brutality of 20th-century Stalinism.
The 100-Year Bond is Unethical
100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.
Do Consumers Know What’s Best for Them?
The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.
How Slave Owners Pushed Marxist “Wage Slavery” and Exploitation Theories
Defenders of slavery so vehemently opposed free labor, they claimed the "wage slavery" system was even worse than slave labor. The idea being that slavery is morally superior to wage labor.
