Mises Wire

Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.

If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.

The FDIC's takeover of Silicon Valley Bank should make us take a hard look at the damage the Federal Reserve has done. Will other banks face the same fate?

Teaching high schoolers economics means teaching Austrian principles.

Those adhering to Austrian Economic thinking see the beauty in concepts coming together and providing a way to truthfully assess human action.

Because of inflation and a lack of a savings ethic, Americans are less prepared for retirement than ever. The numbers are discouraging.

Never before have we seen an entire generation of young Americans being censored—and self-censoring—for making innocuous statements. This does not end well.

It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future. 

With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years.