Mises Wire

Economics: Vocation or Profession?

EducationPhilosophy and Methodology

9 hours agoMises Daily Articles
The vocational economist is dedicated to a body of ideas — not merely money, fame, or power — and strives to master the system of economic theory as handed down by the great system builders and innovators of the past.
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The Illusion of the Keynesian Multiplier

Money and BanksMoney and Banking

Blog07/15/2019

Not only will easy money policy not lift production, it will impoverish us be inflating away real wealth.

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Murray Rothbard: "Pioneer of Praxeological Analysis"

07/10/2019Power & Market

To Murray N. Rothbard, pioneer of praxeological analysis with all good wishes.  March 2nd, 1967. ~Ludwig von Mises

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Privateers: An Example of Private-Sector Military Defense

The EntrepreneurU.S. HistoryWorld History

Blog07/10/2019

One of the most instructive of all examples from maritime history is that of privateering, that is, the employment of profit-seeking, private armed ships during wartime.

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When Will the Stock Market Respond to 2016's Liquidity Collapse?

Financial MarketsMoney and BanksMoney and Banking

Blog07/08/2019

 A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.

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Fed Nominee Judy Shelton Wants Sound Money — and Lots of It

Money and BanksMoney and Banking

Blog07/02/2019

Judy Shelton may be a tolerable—at least to Republicans—candidate for Federal Reserve Board of Governors.

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Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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