Fiscal Theory

Instead, what matters is not whether expectations are stable, but whether expectations correspond to reality. Stable expectations cannot undo the damage caused by loose monetary and fiscal policies.

Surveys used to gauge optimism or pessimism about the economy may be interesting to read, but unless they are the product of sound and realistic economic theory, they are not economically useful.

Our taxes are due today. It‘s a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality.

Guido Hülsmann joins Bob to explore the newly digitized Ludwig von Mises archives at Grove City College, revealing lost correspondence, Mises’ personal battles against socialism, and more.

Is Elon Musk’s DOGE taxpayer dividend proposal inflationary, or is it simply returning savings from government spending cuts?

One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.

Perhaps our most important job at the Mises Institute is to help intelligent lay audiences understand and fight political money. To that end we offer a brilliant new book by Dr. Thorsten Polleit, The Global Currency Plot. The book is a tour de force and we’ve excerpted some of the most compelling chapters.

The Communist Manifesto pushed a heavily progressive income tax as one of ten key ways to undermine the market order. Unfortunately, the idea didn't die with Marx. 

Standard Keynesian theory posits that if the economy slows, government can revitalize it by increasing spending, which supposedly creates new demand. But government can't create something from nothing.

While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.