Mises Wire

Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years.

According to mainstream economists, the question of whether increasing the minimum wage also increases unemployment is empirical. However, the logic of economic analysis says otherwise.

In his recent State of the Union speech, President Biden called out private enterprise for what he calls “shrinkflation” and “greedflation.” If he wishes to know who is responsible for this phenomenon, he should look in the mirror.

Government parking policies create unnecessary shortages. Privatizing public parking not only would enable more efficient solutions, but also would make the system more fair.

In modern times, squatter's rights have little use beyond grinding an ideological axe or redistributing property to favored interest groups.  It is time to end squatter's rights altogether.

The Methodenstreit between the Mengerian Austrian School and the German Historical School needs to be rejoined. Mainstream economists are embracing the historicist approach, which is not real economics at all.

Brazil’s carnival celebration is a huge event that also is heavily subsidized by government at all levels. Yet carnival would do very well if the subsidies were replaced with entrepreneurial investment.

While progressives tout foreign aid to poor countries as socially and economically beneficial, in truth it makes poor nations even poorer. Foreign aid is a poor substitute for free trade and free markets.

The recent raid on an Amish family farm is the direct result of government protectionism of big agriculture through needless and cumbersome regulations.

Critics of Boeing are blaming free markets and the profit and loss system for recent safety failures. However, Boeing hardly operates in a free market anymore, given that half its revenues come from taxpayers.