Mises Wire

Where Prices Come From: Menger Explains

Value and Exchange


Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life.

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Why Rothbard Trended on Twitter This Weekend

Anti-PoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking


On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

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Welfare Payments and Foreign Policy Fears Are the Only Things Holding America Together

U.S. Economy


Fear of China and Iran, combined with the more practical desire for continued “free” money from the federal government, will continue to fuel opposition to any serious movement toward secession.

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We’re in the Middle of a Long War with the State

Decentralization and SecessionPolitical Theory


Often, when the “smash the state” position is invoked—especially among those less familiar with the state as an institution—further investigation often reveals a dangerous lack of precision about what exactly the state is.

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Why Friedman Was Wrong about Booms and Busts


Central banks are in a loop of repeatedly intervening to "fix" the problems caused by earlier central-bank interventions. The result will only  be recurring busts.

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Why Progressives Will Never Accept Market-Based Medical Care



Even during their most bloody and repressive years, progressives praised Mao's China, Cuba, and the USSR, because they offered "free" healthcare. Progressives are simply uninterested in any argument in favor of private healthcare. 

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We Can Have Low Interest Rates Or Robust Growth. But Not Both.

Money and Banks


You can have strong growth, or you can have negative interest rates with low bond yields. You can't have all at the same time. 

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Why Are Thieves Stealing So Many Catalytic Converters?

Global EconomyU.S. Economy


US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government. 

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