Mises Wire

After Years of "Stimulus" Come Surging Debt and Falling Wages

U.S. History


For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed! 

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Are Progressive "Experts" Fallible? Yes, But Don't Tell Them That



Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

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American Chip "Independence": Protectionism by Another Name

Cronyism and CorporatismProgressivismProtectionism and Free Trade


While both the Left and Right celebrate the government's new drive to subsidize American microchip manufacturing, we should remember that political "investments" always result in crony capitalist disasters.

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Are Robots and AI Really Going to Displace All Workers? Probably Not

CapitalismFree MarketsStrategy


As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us.

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About That Nobel: Deconstructing Banking Theories of Diamond and Dybvig

The FedMoney and BanksMoney and Banking

While much attention has been directed toward Ben Bernanke's Nobel, the banking theories of Nobel winners Douglas Diamond and Philip Dybvig also need a second look.

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Are Seasonally Adjusted Economic Data Useful?

Big GovernmentStrategyU.S. Economy


Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles.

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Applying Volcker's Lessons

Money and Banks


We can't count on the Fed regulating itself or that some especially hawkish chairman will appear to save us from the worst excesses of fiat money.

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A Critique of the Bitcoin Stock-to-Flow Model

BitcoinAustrian Economics OverviewPrices

While Bitcoin's S2F Model has come under some criticism, the best analysis of its flaws comes from perspective of Austrian Economics.

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