Mises Wire

With this latest policy turn, the evidence continues to mount that Milei is more a typical conservative or "rightist" than he is a free-market libertarian in any meaningful sense. 

Both economists and laypeople carelessly refer to interest rates as the "price" of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.

Not satisfied with the capture of most of our institutions, the ruling elites have gone full Orwell in redefining the term "human rights." It is their own version of Newspeak.

The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”

The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.

The US federal government is the nation's largest landlord and still owns 28 percent of the land in the US. The time has come for large-scale privatization. 

Joshua Mawhorter argues that slavery persisted largely due to government intervention rather than free-market mechanisms.

What Murray Rothbard used to call the "Old Right" stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the "liberals" of their day and ours.

Marx built his infamous labor theory of value on the premise that labor itself was a commodity. However, as Mises and other Austrians have noted, Marx failed both at understanding the complexity of labor and subjective value theories.

The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.