Mises Wire

Safe Haven is a compelling book about how we view risk, and a challenge to rethink how we "pay" to mitigate it.

Mises warned that “there is not such a thing as a scientific ought. Science is competent to establish what is. It can never dictate what ought to be and what ends people should aim at.” 

While it is easy to think the Fed bases its policies primarily on economic science, it’s more likely that what actually concerns the Fed in 2021 is keeping interest rates low to facilitate huge amounts of deficit spending. 

Stalin’s War is a magnificent book and everyone interested in the causes and consequences of World War II—and what reasonable person could not be?—should read it.

Many Lithuanian politicians are embracing outright segregation of unvaccinated Lithuanians. Fortunately, many Lithuanians are resisting. This fight is not about opposing vaccines, but about protecting basic freedom of choice. 

We have to go back to 1945 and the Second World War to find a time in which government spending is similar to today's panic-driven frenzy of spending in Washington. 

Many insights of Menger are nowadays part of standard economics. Many more are preserved in the distinct school of Austrian economics. This applies particularly to the notions of foresight and the role of uncertainty.

Why is the vaccination campaign so important to governments that they have increased pressure to vaccinate to such an unprecedented extent? Who has an interest in the global vaccination campaign?

Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life.

In this brief interview, Ludwig von Mises discusses the state of the global economy, the Marshall Plan, and the road to recovery.