The Cambridge economist Joan Robinson (1903-1983) wisely said, "The purpose of studying economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists." Excellent point, though I would both broaden...
Consider filet mignon and chuck steak. Assume-realistically-that consumers prefer the former. Then the question becomes: why is it, despite consumer preferences, that chuck steak sells at all? The fact is that chuck steak outsells filet mignon. How does something less...
What is wrong with the following logic: Steven Grumbine advocates military spending austerity therefore wants America to get invaded, enslaved, and suffer a genocide. The unjustifiable assumption is that more military spending means we are safer. As Mr. Grumbine and I...
Depending on which source you look at, there are hundreds of thousands of churches in world. Almost all Churches contain the two things Democrats constantly tell us are impossible if education were voluntarily funded instead of funded coercively via taxation. ...
The United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general are rising at annualized rates not experienced by, especially, the industrialized countries of North America and Europe for well over 40...
While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the...
https://youtu.be/K2-ME6D1bB0 If the government didn't have a monopoly on security, only rich people would be able to have security just like when the government got out of other businesses, the only cars produced were limousines, the only clothes produced were tuxedos...
The crash landing of the housing market continued in November. Existing home sales of just 4.09 million units at an annualized rate represented at staggering 37% drop from the 6.49 million rate posted in January. There has never been a drop this severe within a single...
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