Why Intellectual Property Isn’t Necessary to Reward Innovation
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors Original Article: "Why Intellectual Property Isn't Necessary to Reward Innovation" This Audio Mises Wire is generously sponsored by Christopher
Italy’s Covid Despotism Just Got Worse
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime. Original Article: "Italy's Covid Despotism Just Got Worse" This Audio Mises
Today’s Fiat Dollar Standard Is Founded in Lies
We live in the age of rampant (monetary and price) inflation, more frequent economic crises, chronic deficit spending, unpayable debt, and massive financial bubbles. That's not accidental. That's consequential. This fact and the many economic, social, and even cultural consequences of
Why Gold Is More Expensive than Bread
Why do individuals assign a greater value to gold than to bread, when bread seems to be more “useful” than gold? To provide an answer to this question economists refer to the law of diminishing marginal utility. The concept of
Carl Menger: Pioneer of “Empirical Theory”
Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic theorists: Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and Joseph Schumpeter. He knew all four personally, but
What Brought on the French Revolution?
No matter how much the American economy grows during the next decade, the government will have serious trouble funding expanding entitlements, increased education spending, and ongoing wars in the Middle East, while maintaining a global military constabulary and presence everywhere.
Can China Conquer Taiwan?
Ryan and Tho discuss Taiwan policy with Zachary Yost, author of a new paper on the prospects of a Mainland Chinese takeover of Taiwan. China faces some very large obstacles, but so does the United States. Recommended Reading "Victory Without Battle: A
It Wasn’t Capitalism: Mises Explains Nazi Economics
Many readers will already know that Ludwig von Mises considers the Nazi economy to be a form of socialism. In the Nazi system, private property in production goods existed in name only. The ostensible owners were merely managers bound to
It’s Time to Break Up New York State
Often the biggest barrier secession movements face is the widely held (and ludicrous) belief that our current set of lines on a map are sacred and must be preserved. Original Article: "It's Time to Break Up New York State" This Audio Mises
Could Blockchain Technology Help End Fractional Reserve Banking?
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves. Original Article: "Could Blockchain Technology Help End Fractional Reserve Banking?" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.