Mises Wire

Economics and the Real World

Philosophy and MethodologyPraxeology

Blog2 hours ago

Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter.

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The House Showdown: Separating Truth from Outright Falsehoods

Big GovernmentCronyism and CorporatismPoliticsStrategy

Blog7 hours ago

Read the New York Times (or even National Review) and you'll learn that the budget standoff is between congressional “adults” and right-wing House nutjobs. This is not the case.

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Fed Forecasts: Financial Sport or Costly Distraction?

Booms and BustsThe FedInflationU.S. Economy

Blog10/03/2023

Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.

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Cotton Pickin' Sanctions

Economic PolicyProtectionism and Free TradeU.S. EconomyWar and Foreign Policy

Blog10/03/2023

On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many.

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Tyranny, Inc.: How “Beltway Libertarians” Failed to Convince Conservatives

Cronyism and CorporatismLibertarianismProgressivismProtectionism and Free TradeStrategy

Blog10/03/2023

From the various compromises pushed by "Beltway Libertarians" to the anti-free market rhetoric of conservative Sohrab Ahmari, government intervention has a lot of new friends. This will not end well.

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True Money Supply Is the Correct Measure of Inflation, Not Consumer Price Index

The FedMonetary TheoryMoney Supply

Blog10/02/2023

The common belief is that inflation is the general rise in consumer prices. However, rising prices are a symptom of inflation, which really is expansion of the money supply.

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Public Goods Viewed through Entrepreneurship

EntrepreneurshipFiscal TheoryProduction Theory

Blog10/02/2023

One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.

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Will Dollarization Work in Argentina?

Economic PolicyGlobal EconomyInflationMonetary PolicySocialism

Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.

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