Mises Wire

The Noncrime Known as "Price Gouging"

The EntrepreneurFree MarketsPrice Controls

Anti-price gouging laws mean that those who really end up getting the short end of the stick are those who don't have the time or the means to beat the crowds to the store. Worse off are those of lesser means who rely on public transportation or walking to transport groceries home.

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Central Bankers Are Running Out of Options

Corporate WelfareMoney and Banks

Blog03/24/2020

Central bankers are panicking, and their solutions range from "buy everything that moves" to pushing interest rates even further into negative territory. Yet this doesn't seem to be helping much.

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In Spain You Can't Use Your Own Back Yard. Police Make Sure of It.

Big GovernmentGlobal Economy

Blog03/23/2020

Philipp Bagus reports from Spain: when people are frightened enough, they'll let the state do pretty much anything.

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Even When They're Wrong, We Can Learn From Understanding Others' Theories

Other Schools of ThoughtPhilosophy and Methodology

Blog03/20/2020

Learning the history of economic thought is important not because every economist has been right, but because we can learn from their mistakes.

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Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

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Coronavirus: Central Banks Stand Ready with More "Stimulus"

Financial MarketsGlobal EconomyMonetary Policy

Blog03/03/2020

There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.

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When It Comes to Raw Power, Few Have More of It Than Central Bankers

Media and CultureSocialismValue and Exchange

Blog02/22/2020

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

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Is Free Market Economics Too "Ideological"?

Free MarketsPhilosophy and Methodology

Blog02/20/2020

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.

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