Mises Wire

Expect More Currency Destruction and Weak Economies in 2024

World History


Central banks never act preemptively. If they end up cutting rates by 150 basis points, it will be because the slowdown in the economy is severe. If you believe in a soft landing, you should not expect six rate cuts.

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Exposing the Price Level Myth

InflationMonetary TheoryMoney Supply


While mainstream economists and statisticians speak of the “price level,” Austrian economists know better. Using price levels to explain inflation obscures what really happens when monetary authorities explain the supply of money.

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Experiencing the Rothbard Graduate Seminar: Who Should Apply

Austrian Economics OverviewHistory of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology


The Rothbard Graduate Seminar (RGS) provides students of Austrian Economics the opportunity to delve deeper into the economic thinking of history's greatest economists.

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Ezra Klein's Progressivism Cannot Build Anything Socially Useful

LiberalismProgressivismSocialismU.S. Economy


Ezra Klein of the New York Times despairs of government’s impotence in building vast projects from energy grids to high-speed railways. He believes granting government absolute power is the answer.

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Exposing Our Fed-Driven Bubble Economy

Booms and BustsThe FedInflationKeynes


The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.

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Economics and the Real World

Philosophy and MethodologyPraxeology


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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Even Though They Are in Long-Term Decline, Labor Unions Still Threaten the Economy

Economic PolicyFree MarketsLabor and WagesMedia and Culture


Although the percentage of the unionized U.S. workforce has fallen in recent decades, labor unions still are a threat to our economy and our collective wellbeing.

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Ethnic Prejudice and Wealth Gaps: Does the First Lead to the Second?

Economic PolicyMedia and CultureU.S. History


As politicians at all levels debate paying black Americans "reparations" for chattel slavery, a careful study of the wealth gaps between ethnic groups shows that ethnic prejudice explains very little. Other factors matter more.

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