1+ day, 11+ hour ago  (435+ words) On the latest episode of Minor Issues, Mark Thornton examines the “dupes of war”—citizens trained by government, schools, and historians to accept false stories about the causes, costs, and supposed benefits of war. Drawing on Ludwig von Mises, Mark…...

1+ day, 12+ hour ago  (778+ words) This seemingly simple observation transformed economics. Water, despite being essential to life, is often inexpensive because it is abundant. Diamonds, despite being non-essential, can command enormous prices because they are valued and scarce. Human beings evaluate goods at the margin,…...

1+ day, 12+ hour ago  (479+ words) It is similar to the current state of modern media, for what makes the headlines ignores a lot of inconvenient facts to project a specific narrative—Poland’s case is not exceptional. This isn’t to say that Poland hasn’t made good…...

2+ day, 14+ hour ago  (125+ words) Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.Original article: https://mises.org/mises-wire/praxeology-within-physics-social-sciences Praxeology within a Physics of…...

2+ day, 5+ hour ago  (268+ words) Ryan McMaken dismantles three persistent myths of American healthcare before tracing the origins of social insurance to Bismarck's deliberate scheme to bind citizens to the state "by the chains of gratitude" and closing with Mises' 1944 prediction that a population half-dependent…...

2+ day, 6+ hour ago  (124+ words) Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.Original article: https://mises.org/mises-wire/depression-1784-revolutionary-inflation-and-post-revolution-depression The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression…...

2+ day, 6+ hour ago  (459+ words) [Gerontocracy In America: How the Old Are Hoarding Power and Wealth—and What to Do About It by Samuel Moyn. (Farrar, Straus and Giroux, 2026; 299 pp.)] Samuel Moyn, who teaches history and law at Yale University, thinks that old people have…...

2+ day, 9+ hour ago  (116+ words) While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker are misleading.Original article: https://mises.org/mises-wire/how-adam-smith-helped-create-modern-unionism How Adam Smith Helped Create Modern Unionism While Adam Smith…...

2+ day, 9+ hour ago  (134+ words) As AI becomes a more important and visible part of our lives, the movement to regulate it also grows. The standard regulation narratives—that government regulates things in the name of the public interest—clearly do not fit the facts....

2+ day, 10+ hour ago  (257+ words) In an economy, value is created from a substitution of less-preferable circumstances for more preferable circumstances. Individuals structure their actions and organize amongst themselves in a manner by which they can achieve desired goals. The free market often leads to…...