Milton Friedman’s Methodological Mistake
Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation. Original Article: "Milton Friedman's Methodological Mistake" This Audio Mises Wire is generously sponsored by Christopher
Yes, Paul Krugman, Booms Are Unsustainable
That Austrians and Keynesians do not share many views on economics (or probably anything else) is obvious, so a difference of opinion between the two hardly should surprise anyone. However, it still is important to point out the differences between
“Infrastructure” Is Now Anything the Government Wants To Do
A common rhetorical tactic is to change the definition of a key word in a debate to fit a preferred conclusion. This tactic is now being used by President Biden and other lawmakers in support of an anticipated $2 trillion
Social Media’s Algorithms Aren’t Really Controlling You
Senator Hawley wants government regulation of social media, and he insists that social media companies are somehow controlling and manipulating people. But Hawley is mistaken. You have free will even when using Facebook. Original Article: "Social Media's Algorithms Aren't Really Controlling
Biden Wants a Global Minimum Tax to Offset His Proposed Huge Corporate Tax Increase
In the classic 1939 film, The Roaring Twenties, a desperate James Cagney tells Priscilla Lane, “You want the Brooklyn Bridge, all you gotta do is ask for it. If I can’t buy it, I’ll steal it.” Like a desperate lovesick puppy
Vaccine Passports Are Just a Way for the Regime to Expand Its Power
Advocates for vaccine passports are a bit like abusive husbands. They say they want to be nice to you. But you keep screwing up and refusing to take your vaccines. So now you're forcing them to keep you locked down
Vaccine Passports and Medical Paternalism
Vaccine passports have been implemented, or are being developed, in a number of countries around the world. In February 2021, Israel introduced its "Green Pass," which becomes "effective the week after receiving the second dose" of the vaccine and expires after six
America’s Corporate Thought Police
In my column last week, I said that Senator Josh Hawley’s book The Tyranny of Big Tech raises important issues, and I’d like this week to go into one of these. He notes that Facebook, Amazon, Twitter, YouTube, and Google
Three Reasons Why the Biden Tax Increase Makes No Sense
Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security. Original Article: "Three Reasons Why the Biden Tax Increase
What Happened When These “Neoliberal” European Countries Tried Low Taxes and Low Regulation
Democratic socialists frequently laud the Nordic countries as examples of the success of progressive taxation, generous welfare states, and powerful labor unions. Free marketers have responded by pointing out that not only did these countries get rich long before these policies