Mises Wire

Did Native Peoples Live in Harmony with Nature? It's Complicated.

The EnvironmentPrivate Property

Blog04/10/2020

The popular notion that indigenous peoples residing in a precapitalist order are particularly skillful at managing the earth's resources is a myth.

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Do the Textbooks Get Money and Banking Backwards?

Blog04/02/2020

Over the years a chorus of critics has alleged that the textbook view of how a central banks buys government debt in "open market operations" is backwards. They argue that in reality commercial banks take the lead in making loans without regard to their reserves.

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Diversification versus Risk

Money and Banks

Blog03/26/2020

The size of an entrepreneur's return on his investment is determined not by how much risk he assumes, but rather whether he complies with consumers' wishes.

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Diseases Are Bad. Government-Forced Shutdowns Are Often Worse.

Big GovernmentEconomic FreedomGlobal Economy

Blog03/24/2020

There is a reason to panic. But the panic should be over how governments—who know so very little about the virus that they have decided warrants destroying the global economy—will create many new threats to health and well-being through their policies.

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Don't Forget About the Trade War

Global EconomyProtectionism and Free Trade

Blog02/27/2020

Trump clearly views trade in a zero-sum, mercantilist manner, with the country possessing a deficit “losing” and “down.” But continuing the trade war only makes recession more likely for both sides. Luckily China is stalling on committing to a trade agreement.

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Do People Really Seek to Maximize Profit?

Calculation and KnowledgeValue and Exchange

Blog02/04/2020

Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.

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Death to Prohibition

Big GovernmentHealthU.S. History

Blog01/17/2020

The repeated failure of prohibition may be just the catalyst that Austrian economics needs to gain traction with the American public.

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Don't Thank Government Officials for Progress in Sanitation and Life Expectancy

World History

Blog12/09/2019

Government officials have often stood in the way of scientific progress.

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