Mises Wire

How the Fed Rules and Inflates

The FedFree MarketsInterventionism

02/14/2020Mises Daily Articles
The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Read More

What Margit von Mises Loved Most About Ludwig

History of the Austrian School of Economics

Blog02/14/2020

Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

Read More

Wicksteed on Surplus Value

Blog02/14/2020

Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.

Read More

Government "Fixes" for the Trade Balance Are Worse Than Any Trade Deficit

Protectionism and Free TradeValue and Exchange

Blog02/14/2020

The national trade account balance is of little economic significance and is a sterile concept. But the government’s attempts to "fix" it can have many harmful effects.

Read More

Reflections on Legal Polycentrism

Decentralization and SecessionStrategy

02/13/2020The Journal of Libertarian Studies
Much of the resistance to libertarian anarchic proposals stems from a genuine inability on the part of one’s audience to entertain such proposals as serious alternatives to the status quo.
Read More

Rothbard: The Constitution Was a Coup d'État

Book ReviewsU.S. History

Blog02/13/2020

Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état. If Rothbard is right, the Constitution as written provides ample scope for tyranny.

Read More

Foreign Aid Empowers Corrupt Regimes. End It.

Taxes and SpendingWar and Foreign Policy

Blog02/13/2020

US aid to foreign regimes helps free governments from having to raise funds from their own people. So, the recipients of foreign aid are likely to become less responsive and more corrupt.

Read More

The Anticapitalist Front

Media and CultureSocialism

Blog02/12/2020

The rising generation is brought up in an environment that is engrossed in socialist ideas.

Read More
Shield icon wire