Mises Wire

Government "Stimulus" Schemes Fail Because Demand Does Not Create Supply

The FedFree Markets

Blog07/26/2022

Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

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Is Nationalism a Good Thing? It Depends.

World History

Blog07/26/2022

It’s impossible to simply declare nationalism itself to be good or bad. Its goodness or badness depends primarily on its effect on existing regimes and state institutions.

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The Economy Needs a Volcker Moment

Booms and BustsThe FedInflationBusiness Cycles

Blog07/26/2022

When Paul Volcker was Fed chairman forty years ago, he did what was necessary to bring down inflation. Unfortunately, the current Fed leadership at best is engaging in Volcker Lite.

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The Competing Ideologies for the Collectivist Mind

SocialismWorld History

Blog07/25/2022

Modern socialists claim that Hitler's Nazi regime was the antithesis of socialism. Hitler would have disagreed, as he saw himself and his movement as being primarily socialist.

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Do Price Increases or Money Supply Increases Misallocate Resources?

Booms and BustsInflation

Blog07/25/2022

As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.

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Interest Rate Tightening Will Cause Even More Economic Destruction

InflationMonetary Policy

Blog07/23/2022

Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

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The Fallacy of Calls for a "Manhattan Project" to Solve National Economic Challenges

Bureaucracy and RegulationEconomic Policy

Blog07/23/2022

Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones.

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How to Teach Austrian Economics in the Current Political Atmosphere

Economic PolicyEducationAustrian Economics Overview

Blog07/22/2022

As the US political landscape shifts rapidly and college economics departments become increasingly hostile, the way we teach free-market economics will change.

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