Mises Wire

Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.

The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.

We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management. 

Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

Governments can conjure up money at the printing press—with predictable results. But anyone wanting a Lamborghini will have to produce real wealth to purchase it.

One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.

Historian Jon Meacham urges Joe Biden to be a "transformational" president in the way of FDR, but he forgets that Roosevelt put the "Great" in "Great Depression."

In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all.