Mises Wire

Mises defends praxeology using philosophical minimalism, that is, by sticking to the core fact that people act and make choices.

The worst excuse of all is that “there is no inflation.” It’s like driving a car at 300 miles an hour on the highway, looking in the rearview mirror and saying, “we haven’t killed ourselves yet, accelerate.”

While it took the Federal Reserve almost six years to create 3.5 trillion in new US dollar liquidity after 2008, this time around, it took only ten months to unleash a monetary tsunami of $3 trillion, with the projection of at least another $1.8 trillion next year.

Different people often react quite differently to the same conditions, so attempts to blame religious conflict on material deprivation fail. Ideological differences also better explain why Islam is not monolithic. 

How has the Left had so much success in a nation that was the direct byproduct of classical liberalism? By controlling the narrative and leveraging that status for political power.

For people who remain mystified as to how populists like Donald Trump get elected, they need not look much further than this. 

The French economist Jacques Rueff was the foremost opponent in the twentieth century of the gold exchange standard.  He well described how the Bretton Woods enabled the US government to engage in seemingly endless deficit spending. 

In January 1921, thirty-five hundred people packed the Lexington Theater in midtown Manhattan to hear a debate of socialism. Ludwig von Mises in Vienna later called the debate "instructive."

As we prepare for 2021, here is a collection of Dr. Gordon's book reviews from the past year. Each article features his piercing Rothbardian-insight into some of the most important new books of 2020.

Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem.