Mises Wire

Cash prizes of $1,500, $1,000, and $500 will be awarded to the top three papers.

The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.

From Oregon to Rhode Island, counties and municipalities have announced they will not enforce various state and federal gun laws.

While some governments have sought to wage war against cryptocurrencies, Switzerland is striving to become a "crypto-nation." 

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

As the government continues to pile up trillion dollar deficits, when interest rates return to a historical norm, interest payments on the national debt may exceed payments to Social Security recipients.

Despite the IMF’s claims to the contrary, the case of Sweden actually shows that a political “solution” to climate change is ineffective.

Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.

Abenomics, Japanese Keynesianism on steroids, has made the rich richer, and all others poorer. 

Many entrepreneurs go into the marketplace with romantic and abstract notions of how markets work. But there's nothing romantic or abstract about the losses incurred by failed entrepreneurs.