Mises Wire

Can Consumer Surveys Tell Us Where the Economy Is Headed?

Blog09/18/2018

If a large group of people express an opinion regarding future economic conditions, it does not make it more accurate than the view expressed by any particular individual.

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No, Robots Cannot Replace Us

Blog09/18/2018

When robots may be more effective workers and possibly better engineers, they cannot figure out what is valued. That’s the task of entrepreneurs, who bet on what consumers will want.

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Capitalism Makes Us More Humane

U.S. HistoryWorld History

Blog09/18/2018

Why is it that starving Venezuelans are eating dogs while Americans are rescuing dogs from hurricanes?

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The Economists versus The Special Interests

Protectionism and Free TradePolitical TheoryValue and Exchange

Blog09/17/2018

In spite of claims they will benefit society overall, interventionist policies designed to benefit certain interest groups ultimately only help certain groups at the expense of everyone else.

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Republicans Share the Blame for Socialism’s Comeback

Taxes and Spending

Blog09/17/2018

By accepting the premise that government can and should solve all of life’s problems, conservatives and Republicans will inevitably get into a “bidding war” with progressives and Democrats.

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It's The Customer, Stupid: A Marx vs. Menger Battle on Netflix

The EntrepreneurLabor and Wages

Blog09/17/2018

The Company Men shows how, in order to move on from a devastating layoff, workers must first figure out how to be valuable to the customers.

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We Still Haven't Learned the Right Lessons from the 2008 Crash

Financial MarketsU.S. EconomyU.S. History

Blog09/17/2018

It's frightening to see the persistent lack of insight shown by policymakers and financial media on the 2008 financial crisis.

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Credit Expansion Squanders Capital

Money and BanksMoney and Banking

Blog09/15/2018

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

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