Mises Wire

All goods and services are scarce, and government intervention has never changed this reality.  The scarcity of water is nothing new, nor is it an impossible conundrum for markets. 

The West's rush to embrace the Chinese regime's bizarre lockdown method of disease control exposed just how little Western regimes actually care about human rights or the rule of law.

Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one. 

Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation. 

Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. 

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of those lectures, now available. 

Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.

What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.