Mises Wire

Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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Learning the Right Lessons from D-Day

War and Foreign PolicyWorld History

Blog06/06/2019

Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.

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Losing Income Tax Privacy Is a Real Danger

Bureaucracy and Regulation

Blog05/16/2019

Tax bureaucrats are very useful in helping politicians abuse their power. Presidents have long used the IRS to harass and attack their political opponents.

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Ludwig von Mises on the Difference Between Entrepreneurs and Managers

The EntrepreneurPhilosophy and MethodologyValue and Exchange

Blog02/28/2019

When Mises noted that a manager is a "junior partner" of the entrepreneur, he did not mean to downplay the role of management in the economy.

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Liberalism and Capitalism

World HistoryPolitical Theory

Blog02/27/2019

A society in which [classical] liberal principles are put into effect is usually called a capitalist society, and the condition of that society, capitalism.

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Lange, Mises and Praxeology: The Retreat from Marxism

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology

Blog02/19/2019

Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism. 

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