Getting to Galt’s Gulch: Everyday Secession
For the libertarian, the way forward is not joining in left-right political boxing matches, but secession. The success of libertarianism is independence from the state’s influence. Original Article: "Getting to Galt's Gulch: Everyday Secession" This Audio Mises Wire is generously sponsored by
Forced Vaccinations in France Bring Both Repression and Protest
Macron says vaccines are not compulsory for the general public for now, but they are essentially required for anyone who wants to live a normal life. Original Article: "Forced Vaccinations in France Bring Both Repression and Protest" This Audio Mises Wire is
Using Goods vs. Exchanging Them: Menger Explains the Difference
Exchange Creates Value Different from Adam Smith who presumed in his Wealth of Nations that the division of labor was caused by the “propensity to truck, barter, and exchange” as a part of human nature, Carl Menger explains the practice of
Change of Portfolios and Party Politics
Recently, the Modi government witnessed a comprehensive reallocation of the council of ministers. The expansion of the union cabinet includes thirty-six fresh faces, promotion of seven existing ministers and a controversial drop of twelve well-established high profile ministers like Mr.
Bob Murphy Critiques Curtis Yarvin’s Explanation of Inflation
In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate
Canada’s Wait Times for Healthcare Are Huge. Activists Blame Free Markets.
Canada's "private" long-term care homes are anything but private. But the fact a small sliver of the marketplace is allowed to charge fees for services means activists want even more socialized medicine. Original Article: "Canada's Wait Times for Healthcare Are Huge.
Why Are Thieves Stealing So Many Catalytic Converters?
US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government. Original Article: "Why Are Thieves Stealing So Many Catalytic Converters?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated
Mathematician: Plain English Often Works Better Than Mathematical Notation
Critics of Austrian economics often say that praxeology lacks rigor. Praxeologists rely on imprecise verbal logic that is difficult to assess. Instead, modern neoclassical economics is to a large extent couched in mathematics. The definitions and axioms of the model
Carl Menger Explains Value
The General Concept of Value The value of a good results from the knowledge that each partial attainment of that good is linked with a satisfaction of wants. A good is valued with the knowledge that its use serves to satisfy
India’s poverty crisis worsened amidst the pandemic
The very first case of Covid-19 that was reported in India was on January 27, 2020 and on March 11 World Health Organization (WHO) declared Covid-19 a pandemic. The whole world has to fight against an enemy that is not