Mises Wire

The Economy Is Not a Factory—Nor Should We Try to Make It One

The EntrepreneurCalculation and KnowledgeEntrepreneurship

Blog02/08/2020

The economy is not primarily about the adjustment of capital investment across industries and firms, but about the determination of which industries and types of production will exist—and who will be involved in this future production.

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The Quality of Money

Monetary TheoryValue and Exchange

02/07/2020Quarterly Journal of Austrian Economics
Much has been written about the quantity of money and its effects on money’s purchasing power, but the quality of money has been neglected.
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The State of the Union: An Annual Reminder of Inevitable Default

02/05/2020Power & Market

The political equivalent of Crystal Pepsi, Donald Trump and the Republican Party have given up their long-standing façade of budgetary restraint.

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The True Costs of Bad Economists, Explained

Calculation and KnowledgePhilosophy and Methodology

Blog01/28/2020

In terms of economics, what currently is should be of very little importance: what matters, and that we should seek to understand, is the process that brought it about and that will create what will be in its place.

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That Which Is Seen, and That Which Is Not Seen

Legal SystemPhilosophy and MethodologyPolitical Theory

12/18/2019Articles of Interest
In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects.
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The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism

Money and Banking

Blog11/27/2019

The psychological impact of a lifetime within a fiat money economy cannot be underestimated. With more wealth seemingly available at the click of a computer button, refusal to spend more on government programs must stem only from cruelty and greed.

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The Feds Spend More on National-Debt Interest Than You Think

U.S. Economy

Blog11/06/2019

As the government continues to pile up trillion dollar deficits, when interest rates return to a historical norm, interest payments on the national debt may exceed payments to Social Security recipients.

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The EU's Protectionist Impulses Are Showing in Turkey Deal

Protectionism and Free Trade

Blog10/22/2019

EU politicians and technocrats like to present themselves as progressive and enlightened policymakers. But that virtuous mask slipped after German auto giant Volkswagen announced that its new facility would be located in Turkey instead of an EU member nation.

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