Mises Wire

The Inverted Yield Curve and Recession

Booms and BustsCapital and Interest Theory

Blog04/12/2021

Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.

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What Exactly Is Neoliberalism, and Is It a Bad Thing?

Blog04/10/2021

In his book-length essay on neoliberalism, Alberto Mingardi provides some much needed clarification and explanation of this concept that has long been one of the Left's favored bogeymen. 

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Biden's Colossal Budget Confirms Trump-Era Mega Spending Will Continue

Taxes and Spending

Blog04/10/2021

The Dems are still claiming that welfare spending withered away during the Trump years. But that's obvious nonsense, and Trump's megaspending slathered trillions of dollars on pretty much everything.

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7 Observations on the Humane Nature of Capitalism

CapitalismPhilosophy

Blog04/10/2021

Capitalism isn't just better because it makes us materially better off. Capitalism also helps us forge a more humane and civil society. 

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Robots Won't Destroy Us: How Automation Creates Jobs

Labor and WagesCalculation and KnowledgeCapital and Interest TheoryProduction Theory

Blog04/10/2021

The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

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The 200th Anniversary of a Great American Demolition of Tyranny

Blog04/09/2021

John Taylor's Tyranny Unmasked is one of the best American books on trade by one of the most thoughtful and least appreciated political analysts of the founding era.

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Government Property Is Sacred. Your Property? Not So Much.

U.S. History

Blog04/09/2021

The government tantrum over the Capitol riot has shown that the regime sees its own property as sacrosanct. Your private property, on the other hand, is completely expendable and of no importance whatsoever. 

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Cannabis Prohibition: Perspectives in Veterinary Medicine

Free MarketsHealthLegal System

The current cannabis prohibition policy creates scientific backwardness regarding cannabinoid drugs’ benefits and their actual harm. 

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