Mises Wire

Death to Prohibition

Big GovernmentHealthU.S. History

Blog1 hour ago

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

Read More

Luck and Taxes

Philosophy and Methodology

Blog4 hours ago

Some argue that someone’s superior talent or success is itself the result of mere luck. That claim, and its relevance as a justification for redistribution, has generated much controversy.

Read More

The Bank of England's Governor Fears a Liquidity Trap

Money and BanksCapital and Interest TheoryMoney and BankingOther Schools of Thought

Blog9 hours ago

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

Read More

Working around Leviathan

Big GovernmentGlobal EconomyU.S. HistoryPhilosophy and Methodology

01/16/2020Mises Daily Articles
It's a paradox: never before has a government in human history assumed unto itself the power to regulate the minutiae of daily life as much as this one. At the same time the United States is overall the wealthiest society in the history of the world.
Read More

A Limited-Government Republic versus a National-Security State

War and Foreign Policy

Blog01/16/2020

What is a national-security state? It is a totalitarian-like governmental structure that consists of an enormous military-intelligence establishment with extraordinary powers, such as indefinite detention, torture, secret surveillance, and even assassination of both citizens and foreigners.

Read More

What Will It Take to Get the Public to Embrace Sound Money?

Financial MarketsMoney and BanksMoney and Banking

Blog01/16/2020

If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.

Read More

The World Looks to Abandon the Dollar as US Sanctions Tighten Their Grip

Money and BanksWar and Foreign Policy

Blog01/15/2020

The US's enthusiasm for sanctions means Europe is learning the price of doing business with the United States and with the dollar.  They're now developing new ways to work around the the US-dominated financial system.

Read More

Liberalism and Peace

War and Foreign PolicyAustrian Economics OverviewPolitical Theory

01/15/2020Audio/Video
From Jefferson to Madison, and on to Bastiat, Molinari, and Spencer, the "classical" liberals routinely denounced war as the enemy of freedom, prudence, and natural rights.
Read More
Shield icon wire