Mises Wire

The Austrian economics framework shows that subjective valuation is not shown to be arbitrary, but rather purposeful, as people place values on things via a means-end framework.

Most academic historians claim that big businesses in the US were economy-choking monopolies at the end of the 19th century, and that government was needed to enforce competition. In reality, the government and businesses joined forces to promote monopolies.

Great Britain’s Labour government continues to pursue the ruinous policies of inflation and out-of-control spending, all in the name of promoting economic growth. They will get stagflation instead, and then blame the entire problem on capitalism.

The libertarian movement is home to quite a few eccentric and radical people. Samuel Edward Konkin III (1947–2004), or SEK3, as he is often called, was one such figure.

The Maidan Massacre of February 2014 supposedly involved Ukrainian government troops tied to President Viktor Yanukovych, a Russian ally, leading to his overthrow. But what if it was a false flag operation done to make people blame the government?

In this week’s Friday Philosophy, Dr. David Gordon takes a hard look at philosopher Omri Boehm’s fixation with John Brown and his commitment to violence in the name of ending slavery. 

Camillo Tarello was one of the fathers of modern agriculture. Fighting the headwinds of state disapproval for his innovative farming methods, he made many agricultural discoveries, benefitting not only his fellow Italians, but future farmers around the world.

The Continentals and other paper monies only temporarily retained some value largely because of an initial promise of future redemption in gold and silver—a monetary “bait-and-switch.”

Charles Dickens trained many to hate capitalism, but he never understood the difference between envious hatred of wealth and charitable concern for the poor. The true story of his personal life makes this evident.

Losing one’s money, credit cards, and passports in a New York City cab could have been a disaster. Thanks to trust and cooperation among people who didn’t know each other, this story had a happy ending.