Mises Wire

High debt levels function as a drag on economic growth, siphoning off resources from productive investment and stifling innovation and entrepreneurship. 

Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.

Over the last thirty years, this conference has been the first step to a career in academia for many Austrian scholars. Please consider funding scholarships for the best and brightest to come to AERC.

As the Fed engages in rollercoaster monetary policies, the errors that build up during the Fed-induced boom turn into a veritable “circus of errors.”

In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.

It is during “emergencies” when we learn who really holds political power, and how ineffective are constitutional measures designed to limit the regime.

Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.

Human Action was arguably the most important book of the twentieth century. Help us spread Mises’s ideas to more and more people in the twenty-first century.

It is not surprising that some US states are facing large deficits between budgeted spending and incoming revenues. However, state bankruptcies occur when states cannot meet their bond obligations, which have little to do with operating expenses.

The Fed-launched real estate bubble did not just create havoc in residential markets, but also has distorted the commercial real estate market, too. And it is getting worse.