Why is the “Cost of Living” in Cities so High?
More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?
Mises Wire
Ludwig von Mises’s Human Action: Marking 70 Years of Continuing Relevance
The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.
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
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 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.
