Mises Wire

Why Roddy Piper Was Too Rowdy in 'They Live'

Media and CultureStrategy

08/14/2019Audio/Video
Bob Murphy analyzes John Carpenter’s 1988 cult classic They Live , starring Roddy Piper.
Read More

Why the Dollar Rules the World — And Why Its Reign Could End

Money and BanksMoney and Banking

Blog08/13/2019

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

Read More

With Europe's Economy Slowing, Can Eurocrats Afford to Play Hardball on Brexit?

Decentralization and SecessionGlobal EconomyProtectionism and Free Trade

Blog08/10/2019

For Brussels, giving in on Brexit encourages rebellion from disaffected populations in other member states, but do they really have a choice? 

Read More

Wage Earners and Employers

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

07/29/2019Mises Daily Articles
The characteristic principle of capitalism is that it is mass production to supply the masses. Big business serves the many.
Read More

What Mises and Hayek Thought About Fractional Reserve Banking

Blog07/05/2019

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

Read More

What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

Read More

Why Private Roads Would Have Fewer Traffic Jams

If prices were allowed to adjust to demand, the price of using a given highway would increase when more people want to use it and decrease when fewer people want to use it.

06/18/2019Power & Market
Read More

Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers

Money and BanksCapital and Interest TheoryMoney and Banking

Blog06/12/2019

Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.

Read More
Shield icon wire