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
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
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
Per Bylund on the Importance of the Austrian School
Per Bylund is Associate Professor of Entrepreneurship at Oklahoma State University. He discusses three of his current book projects, all touching on various aspects of the Austrian School and its continued importance. Mentioned in the Episode and Other Links of Interest: Per
“They Said What?!” John Lennon edition
Bob unveils a new recurring series, in which he gives the context of infamous quotations. In this episode, he covers two allegedly shocking quotes from John Lennon, John Maynard Keynes' "in the long run we're all dead," Trump on Nazis
What Made Rothbard Great
If you don’t mind, I am going to do what men of my age do from time to time, and that is tell you war stories—usually insufferably boring for younger people, but occasionally enlightening if you find that perhaps you
Savings Are the Foundation of Economic Growth
Most commentators’ regard savings as harmful to economic growth on the ground that savings are associated with fewer outlays. These commentators portray economic activity as a circular flow of money. Spending by one individual becomes part of the earnings of
Sticks, Not Carrots: Vaccines Must Be Forced, Says Indiana University Health Chief
An Indiana University health officer laments that incentives such as access to events, donuts, french fries, and even hard cash are no longer moving many Americans to fall in line with vaccination. Original Article: "Sticks, Not Carrots: Vaccines Must Be Forced,