Mises Wire

Claudio Grass interviews Jeff Deist on the tumultuous year ahead.

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

We're now seeing the first time the money supply has actually contracted since the 1990s. The last time the year-over-year change in the money supply slipped into negative territory was in November of 1994.

Americans typically are told that private enterprise wastes resources while government preserves them. Economic truths turn that canard upside down.

Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.

The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible."

Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.

Philosopher William MacAskill of Oxford University is calling for "Effective Altruism" as a way to deal with long-term future issues. Reviewer David Gordon finds flaws in MacAskill's moral calculations.

While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.