Mises Wire

What We can Learn from Liechtenstein

Decentralization and SecessionWorld History

Blog09/03/2019

The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.

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Why Employers Can't Exploit the Workers, Even if They Try

Blog09/02/2019

In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.

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How GDP Measures Help Create the Illusion that Money Pumping Grows the Economy

Money and BanksMoney and Banking

Blog09/02/2019

Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.

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Happy Birthday Hans!

09/02/2019Power & Market

Today is the birthday of Hans Hoppe, an outstanding libertarian theorist.

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Labor and Labor Costs: Using Theory to Understand the Data

Labor and Wages

Blog09/02/2019

Labor is not homogeneous, so data analysis that speaks simply of "labor" and "labor costs" must be treated with extreme caution.

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The F-35 Boondoggle

09/02/2019Power & Market

One reason Congress keeps throwing money at the F-35: There are 1,400 subcontractors for the F-35 program, spread out over 307 congressional districts in 45 States.

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Do Consumers Know What's Best for Them?

Value and Exchange

Blog08/31/2019

The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.

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The 100-Year Bond is Unethical

Money and BanksU.S. Economy

Blog08/31/2019

100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.

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