Mises Wire

Savings vs. Money: Which Is More Important?

Booms and BustsMoney and Banks

Blog3 hours ago

It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.

Read More

Protectionism Is Not the Answer to the Canadian Fur Trade’s Problems

Free MarketsProtectionism and Free Trade

Blog8 hours ago

The North American fur trade is in decline. Unfortunately, many think that the solution is for the government to step in to “protect” trappers from market competition.

Read More

Mises the Decentralist Hero

StrategyPolitical Theory

01/28/2020Audio/Video
Opposition to decentralization in government often arises out of fear. Most people have been indoctrinated into the idea that a large centralized state can better prevent bad things from happening.
Read More

Markets Provide Guns Despite Government Restrictions

Bureaucracy and RegulationFree Markets

Blog01/28/2020

In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."

Read More

The Left's Plan to Make Cities More Powerful

SocialismStrategy

01/28/2020The Austrian
Why both urban and rural regions should be self-governing: "As long as people with strong preferences are clustered conveniently into different jurisdictions, decentralization can, at least in theory, increase the number of people who are satisfied with government policy."
Read More

The True Costs of Bad Economists, Explained

Calculation and KnowledgePhilosophy and Methodology

Blog01/28/2020

In terms of economics, what currently is should be of very little importance: what matters, and that we should seek to understand, is the process that brought it about and that will create what will be in its place.

Read More

The Folly of Economic "Stabilization"

PricesValue and Exchange

Blog01/27/2020

Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."

Read More

The Theory and Brief History of Money and Banking

The FedMonetary TheoryMoney and Banking

Blog01/27/2020

Why do we have money in the first place? Where does it come from, and what determines its form (livestock, metal ingots, coins, paper notes, electronic ledger entries, etc.)? What qualities make for a good money? What role do banks play—is it something other than what money itself does...

Read More
Shield icon wire