Mises Wire

Artwork Made from Old Bananas Shows Value Is Subjective

The $120,000 price tag on that artwork involving a banana taped to a wall had almost zero to do with the amount of labor or materials that went into it. Its value was based on subjective valuations specific to certain buyers.

1 hour agoPower & Market
Read More

A History of Inflationary Money: From 1844 to Nixon

Booms and BustsGlobal EconomyBusiness CyclesMoney Supply

Blog1 hour ago

It is a huge mistake to call the repeating cycle of boom and bust a business cycle. That name implies the bust is the failure of markets and capitalism. But it is really due to monetary and credit inflation licensed and promoted by governments and central banks.

Read More

America’s Arms Sales Addiction

Taxes and SpendingWar and Foreign Policy

Blog12/06/2019

Despite its supposedly strained relationship with the Saudi regime, the Obama administration, for example, still managed to offer the royals of that kingdom a record $136 billion in US weapons between 2009 and 2017.

Read More

Abenomics has Failed Japan. Financial Times Wants to Make it Global.

The FedGlobal EconomyMoney and Banking

Blog12/05/2019

The true lesson from Japan is that central planners prefer to gradually nationalize the economy before even considering a moderate reduction in government size and control.

Read More

Anti-Market Conservatives Want to Fix Social Ills, But Their Cure Will Only Make Things Worse

World History

Blog12/03/2019

Far from being the saviors of society, the new breed of anti-market conservatives are merely the newest iteration of the long line of anti-social apologists for state domination.

Read More

A Problem with Paternalism

Blog11/22/2019

Paternalism has in recent years made a comeback, but its philosophical foundation is quite flimsy.

Read More

Austrian Economics Looks East

Decentralization and SecessionPolitical Theory

Blog11/20/2019

It is up to us to reconsider Misesian liberal nationalism for the twenty-first century and create a vision for the present and beyond.

Read More

Argentina's Destructive Cycle of Economic Populism

Global EconomyTaxes and Spending

Blog11/19/2019

Anti-market activists in Argentina try to blame the country's economic woes on markets, but the populist movement of Peronism is what has doomed the country to endless cycles of economic and monetary crises.

Read More
Shield icon wire