Paying People Not to Work Won’t Make Us Richer
One of the most important principles of economics is that people respond to incentives. You get more of whatever you incentivize. You get less of whatever you disincentivize. This is …
Mises Wire
Sticks, Not Carrots: Vaccines Must Be Forced, Says Indiana University Health Chief
Vaccine mandates are coming. Good, said Indiana University chief health officer Aaron E. Carroll. “When it comes to incentives, most people like carrots,” Carroll wrote in his New York Times …
Welcome and Opening Remarks
Recorded at the Mises Institute in Auburn, Alabama, on 18 July 2021. Mises WireThe Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual …
The Twilight of the Antifederalists
New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition …
From Livestock to Bitcoin: “Legitimacy” and the Evolution of Money
Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. Original Article: “From Livestock to Bitcoin: “Legitimacy” and the Evolution of …
The Fiat Standard with Dr. Saifedean Ammous
Saifedean Ammous, famous for The Bitcoin Standard, has a remarkable new book detailing the effects of fiat money on virtually every aspect of society. In the tradition of Guido Hülsmann’s …
Biden’s Economic Team Predicts Long-Term Slow Growth
Stagnation is real, but it isn’t “secular”—that is, sluggish growth doesn’t have to happen. The coming stagnation isn’t foreordained; it is simply the inevitable outcome of a progressive agenda that …
Investors Are on the Lookout for a Crash. But Prices Keep Going Up.
An insider confided to a friend that all he is doing right now is transaction work for real estate holders who are selling now before the market crashes. His clients, …
There’s a New “Study” Showing 26% of Americans Are Right-Wing Authoritarians. There’s Nothing Scientific about It.
The cognitive dissonance of American academia and journalism is on full display in this survey. Original Article: “There’s a New “Study” Showing 26% of Americans Are Right-Wing Authoritarians. There’s Nothing …
An “Open Mind” Is of No Use When It’s Open to Lies
Countless Americans have been repeatedly told to “follow the science,” supposedly to prove they are not obstinately closed-minded. But the main purpose of it all was just to open people’s …