Economic Calculation
The preeminence of the capitalist system consists in the fact that it is the only system of social cooperation and division of labor which makes it possible to apply a method of reckoning and computation in planning new projects and
This Is How the Progressives Will Write the History of Covid
Progressives will write the history of covid to hide the mistakes of progressive "experts" and to distance themselves from disastrous or pointless policies. They've done it before. Original Article: "This Is How the Progressives Will Write the History of Covid" This Audio
The Virtue of Neutrality: Resist Pressure to Choose Sides in the Ukraine-Russia Crisis
Nonintervention is more than just a good US foreign policy prescription. When it comes to the Russia-Ukraine War, American neutrality is patriotic. Resistance to the narrative pushers is essential for the formation of authentic community and freedom. The way the media
Anthony Fauci: Master of Medical Crony Capitalism
More than critiquing vaccines, this book exposes Anthony Fauci’s career as a case study in crony capitalism. The key players are the government regulatory agencies headed by Fauci. Original Article: "Anthony Fauci: Master of Medical Crony Capitalism" This Audio Mises Wire is
The Cognitive Bias behind Anti–Price Gouging Laws
People often believe that price gouging is so obviously immoral that making it illegal is the equivalent of criminalizing theft. In their minds, sellers who drastically hike their prices after a supply or demand shock are simply cruel capitalists taking
Price Inflation Hit a New 40-Year High in February. No, It’s Not “Putin’s Fault.”
According to new data released by the Bureau of Labor Statistics, price inflation in February rose to the highest level recorded in more than forty years. According to the Consumer Price Index for February, year-over-year price inflation rose to 7.9 percent.
The Supreme Court Uses Twisted Logic to Protect US Agents Committing Torture
The Supreme Court declared last week that Americans have no right to learn the grisly details of CIA torture because the CIA has never formally confessed its crimes. The verdict symbolizes how the rule of law has become little more
Modern Portfolio Theory: Economics without Praxeology
A popular idea in finance theory is that the prices of financial assets fully reflect all available and relevant information and that adjustment to new information is virtually instantaneous. Modern portfolio theory (MPT) postulates that market participants are at least
Cantillon Effects: Why Inflation Helps Some and Hurts Others
We now turn our attention to what happens with an increase in the money supply, rather than an increase in savings. This is critically important. The mercantilist idea that increasing the money supply increases prosperity was exposed as an error
Mises, Kant, and Worker Exploitation
Most of my readers are likely to think that socialism is morally wrong in that it violates people’s rights; but in this week’s article, I’d like to discuss an argument by one philosopher who thinks just the contrary, that morality requires