Mises Wire

Ludwig von Mises’s Human Action: Marking 70 Years of Continuing Relevance

Book ReviewsHistory of the Austrian School of Economics

Blog09/04/2019

The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.

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Labor and Labor Costs: Using Theory to Understand the Data

Labor and Wages

Blog09/02/2019

Labor is not homogeneous, so data analysis that speaks simply of "labor" and "labor costs" must be treated with extreme caution.

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Lincoln and Trump: Two of a Kind?

Blog07/03/2019

Trump haters are concerned that Trump will "stain" the Lincoln Memorial with a speech on Independence Day. But Trump is extremely unlikely to ever match Lincoln's blood-soaked legacy. And that's a good thing.

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Low Price Inflation Means the Fed Will Retreat to Low Rates and Easy Money

Money and BanksMoney and Banking

Blog07/01/2019

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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Learning the Right Lessons from D-Day

War and Foreign PolicyWorld History

Blog06/06/2019

Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.

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Losing Income Tax Privacy Is a Real Danger

Bureaucracy and Regulation

Blog05/16/2019

Tax bureaucrats are very useful in helping politicians abuse their power. Presidents have long used the IRS to harass and attack their political opponents.

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