Mises Wire

Rawls’s doubts about global justice make him an effective critic of his own theory of justice.

Rothbard provides three main reasons why  Irving Fisher’s equation of exchange—which underlies the monetarist quantity theory of money—is useless. 

The 2020 election results will be a test of earlier liberal/progressive “investments” in modifying how Americans think about things. But at this point, perhaps more important will be whether, after the fact, people recognize how much they have been manipulated.

Central banks were already fueling artificial bubble growth and malinvestment in tech firms. Then the lockdowns sped up the trend even more.

What matters is not whether the emergence of a bubble is associated with price rises but rather the fact that the emergence of a bubble gives rise to nonproductive bubble activities.

The winner doesn’t represent “the nation.” There is no consensus. We’re not coming together “as a people.” These tired slogans should now strike every intelligent person as nonsense.

The brutal rejection of capitalism in favor of socialism by African politicians at independence was largely due to a deep-seated misconception that equates capitalism to colonialism.

The current pandemic environment has opened up new approaches to schooling such as co-ops, learning pods, and unschooling. 

A repeated pattern of close elections accompanied by threats of violence (or actual violence) is a sign that something is wrong with a nation's political system.

Fighting erroneous socialist doctrines is not a special interest of a single class but the cause of all; everyone would suffer under the limitation of production and of progress entailed by socialism.