Mises Wire

The Berlin Wall Reminds Us of What Happens After We "Smash Capitalism"

World History

Blog11/08/2019

It's not necessary to completely destroy capitalism to impoverish us irrevocably. The further a regime moves in the direction of the "egalitarian" states of the old communist world, the worse the impoverishment will be.

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The Problem of Poverty

World History

Blog11/07/2019

The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.

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The Economics Behind the Fall of the Berlin Wall

World HistoryCalculation and KnowledgePrices

11/07/2019Mises Daily Articles
Much of the media discussion around the 30th anniversary of the Berlin Wall's fall will focus on American military politics and the politicians of the time. But to truly understand why the Soviet system in Eastern Europe collapsed, we must look to Mises's pioneering work on economic planning.
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The Feds Spend More on National-Debt Interest Than You Think

U.S. Economy

Blog11/06/2019

As the government continues to pile up trillion dollar deficits, when interest rates return to a historical norm, interest payments on the national debt may exceed payments to Social Security recipients.

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The IMF Wants the World to Embrace Sweden's Ineffective Carbon Tax

The EnvironmentGlobal EconomyTaxes and Spending

Blog11/06/2019

Despite the IMF’s claims to the contrary, the case of Sweden actually shows that a political “solution” to climate change is ineffective.

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The American Middle Class Isn't Disappearing — But it's Not All Good News

U.S. EconomyU.S. History

Blog11/05/2019

Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.

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The Austrian Entrepreneur Versus the Romanticized Entrepreneur

Blog11/05/2019

Many entrepreneurs go into the marketplace with romantic and abstract notions of how markets work. But there's nothing romantic or abstract about the losses incurred by failed entrepreneurs. 

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