Mises Wire

Can State Power Cancel Economic Law?

Bureaucracy and Regulation

As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.

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Washington Still Won't Admit the Real Cause of Price Inflation

Majority Rule

Blog3 hours ago

If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.

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Why Price Deflation Is Always Good News

Money and Banks

Blog8 hours ago

A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.

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The Fed Has No Real Plan, and Will Likely Soon Chicken Out On Rate Hikes

Blog01/26/2022

Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.

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Will the Fed Pop the Everything Bubble?

Blog01/26/2022

The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. But any tightening is likely to trigger a recession.

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Why Jordan Peterson Quit Academia

Education

Blog01/26/2022

Academia not only generated this cultural revolution but was the site first ravaged by it. Higher education is long gone, and Peterson’s retirement from it is somewhat anticlimactic.

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The Unseen Consequences of the Interstate Highway System

U.S. History

Blog01/25/2022

Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside.

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George Hearst: Entrepreneur in the Mises Mold

Book ReviewsU.S. History

Blog01/25/2022

The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.  

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