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It has been proposed that praxeology has potential not only as the foundation for growing the Austrian school of economics but other sciences as well. The utility of Austrian economics is immense, and similar achievements in other domains would be welcome. However, it seems like a difficult task, as demonstrated by a recent effort to expand praxeology to psychology. The present article discusses the scope and power of praxeology and the conditions of psychological...

Canadian politicians tout their healthcare system as morally superior to private medicine. There is nothing moral about relegating thousands of people to death each year for lack of medical care. Original Article: "Democracy Created Canada’s Lethal Healthcare System" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

At the end of February 2023, the price of oil (WTI and Brent), Henry Hub and ICE natural gas, aluminum, copper, steel, corn, wheat, and the Baltic Dry Index are below the February 2022 levels. The Supply Chain Index and the global supply-demand balance, published by Morgan Stanley, have declined to September 2022 levels. However, the latest inflation readings are hugely concerning. Considering the previously mentioned prices of commodities and freight, if price...

In his 1884 article “Mind as a Social Factor,” Lester F. Ward attacked the laissez-faire doctrine in an “inversion of values” that would have made Friedrich Nietzsche blush. “But how shall we distinguish,” Ward asked, this human, or anthropic, method from the method of nature? Simply by reversing all the definitions. Art is the antithesis of nature. If we call one the natural method we must call the other the artificial method. If nature’s process is rightly...

Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist. Original Article: "Karl Marx Was Not an Economist" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

Political correctness in Western societies fosters polarization and a toxic culture of ignorance. Although people are rightly outraged by the cancellation of prominent figures, the most glaring consequence of political correctness is the proliferation of ignorance. When speakers are cancelled for contradicting sacrosanct opinions, this leads to an environment where people never arrive at the truth because ideas are not disputed in the public domain. This devolution...

CV Labs, the international ecosystem builder of blockchain venture capital firm CV VC, announced the fifth batch of its global blockchain business accelerator. Nine startups were selected from over sixty countries for the Batch_05 based on the impact and utility that their solution will bring. The CV Labs Accelerator provides each participant up to US$135,000 capital, access to other capital avenues, one-on-one mentorship, and customised growth hacks for blockchain...

Part II of II To be fair, it is true, this time is different. Indeed, this time the rescue plan for the bust banks is not comparable to what we saw in 2008. In the US, the guarantee for deposits up to $250.000 comes from funds that are maintained by participating banks and not from the taxpayer. The official answer to how they’re going to pay everyone back is also plausible and possible: Some, or even most, of the money can and will be recovered from...

Manuele Bertoli is State councillor of the Canton of Ticino in southern Switzerland. He's the only blind member of a cantonal government in the country. We met him in his office in Bellinzona just before his retirement from political life. How did he manage to have such a successful political career despite being blind? What is his vision of Swiss democracy and its instruments of direct democracy? “Direct democracy in Switzerland is not something that those in power use to confirm...

The Ralph Raico Memorial Commencement Lecture. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. [embedded content] The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises...