Mises Wire

The Core of Austrian Theory

Prices

If the hallmark of conventional economics is unrealistic models, the hallmark of Austrian economics is a profound appreciation of the price system. Prices provide us with critical information about the relative scarcity of goods and services.

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The Collapsing Universities—and What We Can Do about It

EducationHealth

It is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. Fortunately, private alternatives are still available.

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The "Old" vs. the "New" Liberalism

Blog07/08/2020

The enemies of the system of free enterprise paid liberalism an unintended compliment when they applied the name "liberal" to their own creed, historically the opposite of what liberalism stood for from the start.

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The Fallacy of the Equation of Exchange

Money and Banking

Blog06/17/2020

The assumption that an exchange presumes some sort of equality has been a delusion of economic theory since Aristotle.

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The End of Civilization?

Global EconomyU.S. Economy

Even if the COVOID-19 virus turns out to be more severe than the skeptics give us reason to think it is, we can get through it. We cannot survive the end of the division of labor. It would be the finish of civilization as we know it.

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The Fight for Liberty and the Beltway Barbarians

Strategy

Blog02/07/2020

Are we emphasizing “the negative”? In a sense, yes, but what else are we to stress when our values, our principles, our very being are under attack from a relentless foe?

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The Deception behind Government Licensing Laws

Bureaucracy and RegulationCronyism and CorporatismInterventionism

Blog01/18/2020

How much licensing requirements are designed to “protect” the health of the public, and how much to restrict competition, may be gauged from the fact that giving medical advice free without a license is rarely a legal offense. Only the sale of medical advice requires a license.

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