Mises Wire

Inflation Is a Form of Embezzlement


The shift of money from one market to another market is not instantaneous there is a time lag from increases in money and its effect on the average price increases.

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Interventionism Turns Crisis into Depression

Booms and Busts


Interventionism does not work because it misallocates resources in the economy. More importantly, it disturbs, distorts, and destroys the corrective process whereby market actors reallocate resources back into a sustainable framework.

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Is Guaranteed Basic Income the Solution to Robots Taking Our Jobs?

Labor and Wages


The automation doomers assume that when jobs are eliminated by automation in one place, that the number of jobs are permanently gone. For this to be true, there would have to be no growth in the need for labor elsewhere.

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Inflation Is Great If You're Already Rich

Booms and Busts


We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor. 

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Investors Won't Buy the "Transitory" Inflation Line

Money and Banking


Governments always justify printing more money with the excuse that there is no inflation. When inflation rises, they say it is transitory. And when inflation soars, governments blame businesses and shop owners, presenting themselves as the solution with “price controls.”

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It's Time to End the Embargo against Cuba

U.S. History


Now that Cuban president Raul Castro has resigned the presidency of Cuba, will the US government lift its six-decade economic embargo against Cuba? Don't bet on it.

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Is God a Capitalist?

Book Reviews


In his book God Is a Capitalist: Markets from Moses to Marx, McKinney “shows how Biblical economic principles answer the most vexing problems the world faces today, such as poverty, inequality and pollution.” 

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If the Nordic Countries Are Socialist, So Are These Less Impressive Countries

Global Economy


Have you ever noticed that it's only the wealthy Nordic countries that are singled out as being "socialist"? Places like Greece and Italy, which are more socialistic than Scandinavia, never seem to warrant a mention on this topic. 

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