Mises Wire

Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians

EntrepreneurshipInterventionismOther Schools of Thought

Rather than impartial referees reducing moral hazard, governments are its most common cause.
Read More

Money Supply Growth Moderated in December

The FedMoney and BanksMoney and Banking

Money-supply growth hit a 46-month high in October, but had moderated significantly by December, according to the most recent money-supply data.
Read More

Make Every State a Sanctuary State

Decentralization and SecessionTaxes and SpendingU.S. HistoryPolitical Theory

California says it may refuse to enforce federal immigration laws. But why stop with immigration laws? Many other federal laws should be ignored, too.
Read More

Must Libertarians Be Individualists?

Philosophy and MethodologyPolitical Theory

Contrary to the claim that they want for all a "self-sufficient" life in isolation, libertarians assume there is great value in voluntary cooperation.
Read More

Mexicans Are Blaming "Neoliberalism" for Socialism's Failures

Global EconomyMonopoly and CompetitionPolitical Theory


A state monopoly on the oil industry has been impoverishing Mexicans for decades. Yet, the market is blamed for the economy's woes.

Read More

Money-Supply Growth Accelerates in Late 2016


The supply of US dollars accelerated during late 2016 with October's year-over-year increase hitting a 46-month high.

Read More

Mises on the Battle between Liberalism and Racism

Media and CultureWar and Foreign PolicyPhilosophy and Methodology


For Mises, racism is not just contrary to liberalism and sound economics, but to reason itself.

Read More
Shield icon wire