Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.
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Category Archive: 6b.) Mises.org
The “Economic Power” Canard
A well-known type of “private coercion” is the vague but ominous-sounding “economic power.” A favorite illustration of the wielding of such “power” is the case of a worker fired from his job.
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Israel Is Not an Ally—It’s a Liability
As former Defense Secretary Robert Gates said back in 2011, Israel is an “ungrateful ally” that gives “nothing in return” for American guarantees, military support, and intelligence sharing.
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New Study Finds Smartphones Ruining Our Brains at Unprecedented Speed
"In less than a decade, conscientiousness — the trait most closely linked to responsibility, follow-through, and self-control — has collapsed among young adults."
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Government rules never apply to the plutocracy
Zuckerberg runs an illegal school in his hometown. This should be legal for everyone, but only the billionaire class gets away with it.
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Jamaica’s Beaches and Property Rights
Despite the success of Jamaica‘s tourism industry, international media outlets continue to mischaracterize it as exclusionary and racist.
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Equality under the Hayekian Rule of Law
What do we mean by equality? F.A. Hayek believed that equality under law and the socialist belief of material equality were opposed to each other. Furthermore, he held liberty to be necessary for civilization itself to flourish.
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US Travel Restrictions for Cuba Violate the Freedoms of Americans and Cubans
A relic of the Cold War, the US embargo and travel restrictions to Cuba violate American freedoms and they accomplish nothing to end Cuba's communist regime or win freedom for Cubans. Yet, this failed policy has persisted for nearly 65 years with no end in sight.
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US Travel Restrictions for Cuba Violate the Freedoms of Americans and Cubans
A relic of the Cold War, the US embargo and travel restrictions to Cuba violate American freedoms and they accomplish nothing to end Cuba's communist regime or win freedom for Cubans. Yet, this failed policy has persisted for nearly 65 years with no end in sight.
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Equality under the Hayekian Rule of Law
What do we mean by equality? F.A. Hayek believed that equality under law and the socialist belief of material equality were opposed to each other. Furthermore, he held liberty to be necessary for civilization itself to flourish.
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Why Zohran Mamdani’s Socialist Supermarkets Wont’ Feed NYC
Bob Murphy critiques New York Assemblyman Zohran Mamdani’s proposal for a government-run grocery store, dissecting its economic flaws and highlighting why such policies fail in practice.
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The Last Day of Barter and Questions for the First Day of Chartalism
In examining the Austrian Regression Theorem of Money, Joshua Mawhorter takes on the Chartalist/MMT claim that government gives money its value. The Chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.
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The Last Day of Barter and Questions for the First Day of Chartalism
In examining the Austrian regression theorem of money, Joshua Mawhorter takes on the chartalist/MMT claim that government gives money its value. The chartalist/MMT advocates lack a necessary cause-and-effect mechanism to prove their claims.
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Why We Need Austrian Economics
Economist Joseph Salerno, an expert on the Austrian School, money, and methodology, joins us to talk about what makes the Austrian School of economics different.
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Reintroducing the Levellers
Before the American Revolution, there were the Levellers, who sought liberty during the English Civil War. While their influence on the American colonists would be indirect, nonetheless, many of their ideas reflected what came after American independence.
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We Should Not Apologize for Businesses Being Profitable
In this week's Friday Philosophy, Dr. David Gordon reviews Profit Without Apology: The Need to Stand Up For Business by Onkar Ghate and Dan Watkins. While praising the effort, he also shares some concerns.
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Businesses Should Not Apologize for Profits
Dr. David Gordon reviews Profit Without Apology: businessmen are “too timid, too apologetic, too hesitant to declare that what they do is good.”
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On Swiss National Bank
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SNB Sight Deposits: increased by 5.2 billion francs compared to the previous week
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SNB’s Chairman Schlegel: A few months of negative inflation wouldn’t be a problem
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
Main SNB Background Info
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