Mises Wire

Remembering Justin Raimondo, who used his antiwar website to rally concerned people against the unjust and destructive wars brought on by the US government.

Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a desired state of economic affairs. Austrian Economists know better.

Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the world is now turning to gold.

Thinking clearly about the state requires us to think differently than what is typically believed. The state is not a “necessary evil,” but rather it is just evil.

Mainstream economics is obsessed with “maximizing” so-called utility functions and discovering the ubiquitous “social utility curve.” In this week’s Friday Philosophy, Dr. David Gordon takes apart this “utility” fixation.

Even as historians have softened on their outlook on Hoover, they usually still manage to avoid the obvious connection between interventionism and lack of economic recovery.

The phenomenon of falling birth rates is due to factors far beyond the mere cost of living, and state-funded benefits for childrearing activities have failed to increase fertility rates.

Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.”

Socialists claim they just want to create a more “just” and “equitable” economic system. In reality, socialism is a political system that uses economic rhetoric.

The modern debt culture—underwritten by the Federal Reserve’s expansionary policies—is not only harms capital development, but it also encourages short time preferences, which diminishes the structure of production.