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I have three goals. First, I want to clarify the nature and function of private property. Second, I want to clarify the distinction between “common” goods and property and “public” goods and property, and explain the construction error inherent in

Some may have heard of Home Town Takeover, but for those who have not, it’s an HGTV show in which a couple from the town of Laurel, Mississippi, take on renovation projects in the hopes of rejuvenating their hometown and

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

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

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

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 "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.

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

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

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