Mises Wire

Liberalism and "Classical Liberalism" — An Unfortunate Evolution

World HistoryPhilosophy and Methodology

Blog08/16/2018

"Liberalism" has always been the proper name of the ideology of freedom and free markets. But almost from the beginning, illiberal theorists claimed the name for themselves.

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Luis María Pastor Copo: A Spanish Forerunner of the Austrian School

World History

Blog07/07/2018

Pastor built on the work of the French liberals, and anticipated  many of the later insights of the Austrian School.

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Labor and Capitalist Exploitation: Böhm-Bawerk and the Close of Marx’s System

Political Theory

Marx was wrong about the basics of value and exchange — and thus was wrong about the relationship between owners and laborers.

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Leland Yeager, R.I.P.

History of the Austrian School of Economics

Blog04/24/2018

I am sorry to report that Leland Yeager passed away on April 23, at the venerable age of 93. 

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Low Unemployment Is Not the Cause of Inflation

Money and BanksMoney and Banking

Blog04/16/2018

An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.

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Lenin Was Right

The EntrepreneurEntrepreneurshipMoney and Banking

Blog04/02/2018

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. 

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Like Obama, Trump Loves to Make Laws with "a Pen and a Phone"

Protectionism and Free TradeU.S. HistoryPolitical Theory

Blog03/30/2018

So long as he uses a "national security" ploy, a president can raise taxes without so much as a debate in Congress. 

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