Mises Daily Articles

If we had to condense Ludwig von Mises's methodological position, we would have to phrase the question as follows: "How is economics possible?"

We are enamored of order; this passion runs through all of mankind, from the housewife to Einstein.

The Fed's entire policy program suffers from the same defect that all market interventions suffer from. The moment you stop intervening, the underlying problems come to the surface again. Administrative price setting does not change economic reality, at least not for the better.

There are as many causes for fluctuations in economic life as there are external conditions of economizing. Each of these conditions can change and thereby effect a change in the course of the economic process. If the economy is affected to a greater extent, if farther reaching changes prove...