Before Progressives Condemn Capitalism, They Should Be Able to Define It
Although progressives and their allies might condemn capitalism, they rarely can define it.
Mises Wire
The Agenda behind Climate Change Catastrophism
On top of Congress passing the "Climate Relief Bill," environmentalists also demand that President Joe Biden declare a "climate emergency" in order to seize new powers ostensibly to combat dreaded climate change. However, climate alarmism is not based on reality.
Green Myths and Hard Realities: Sri Lanka as a Warning
While renewable energy and organic farming are considered sustainable, they're anything but. The collapse of Sri Lanka's green agricultural sector is a warning to the rest of the world.
Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?
Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.
Do Tariffs Create Prosperity? Challenging the Populist Right on Trade
Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can‘t replace sound economics.
Profits Are Not Random. They’re How Entrepreneurs Help Allocate Resources Efficiently.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Rising “Constitutional Carry” Is a Sign of Failing Trust in Government
In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare.
Economies Cannot Produce Wealth without Patience and Long-Term Horizons
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
Exponential Growth or State-Powered Stagnation: What Will Be Our Future?
There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.
