If you could invent something to fulfill an economist’s dream, it would look an awful lot like a prediction market. A world where every uncertain future can be priced, hedged and insured against? Kenneth Arrow and Gérard Debreu would approve. A market mechanism to co-ordinate the decentralised wisdom of crowds, ensuring the accuracy of such prices? Adam Smith and Friedrich Hayek sought just that.
The energy emerging from this video is insane pic.twitter.com/jMvUfiqu9i — Massimo (@Rainmaker1973) November 27, 2025 Robot Walks for Three Days...
Greetings gentle readers and welcome to another installment of the Sunday Morning Movie. Today it’s an Austrian film, Import/Export,a grim...
The President cannot unilaterally impose tariffs on antique objects (over 100 years old) if Congress has expressly exempted them. But...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
What’s the point of words? Sam Kriss. A fun read. The reaction from a friend who says she has a...
Yves here. Richard Murphy’s recent post, Why Britain Stopped Making, attracted a good deal of commentary, with some readers arguing...
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