Mises Wire

Markets and Private Property, Not Government, Protect the Environment

The EnvironmentProperty Rights

Blog03/22/2022

Standard beliefs say that government protects our natural environment while the market system destroys it. Economic analysis gives a much different perspective.

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Modern Portfolio Theory: Economics without Praxeology

RationalismEntrepreneurshipPricesSubjectivism

Blog03/12/2022

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

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Martial Law Was Not a Political Panacea for the Philippines

Bureaucracy and RegulationThe Police StatePolitical Theory

The likely election of Ferdinand Marcos Jr. as the next president of the Philippines might create nostalgia for the martial law his father declared as president. Martial law, however, holds no promise for a thriving economy.

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Money and Savings Are Not the Same Thing

Money and Banks

Blog02/16/2022

Saving is not about never consuming things. Rather, saving enables us to devote more resources to growing wealth now for the purpose of consuming more in the future. 

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Mises and the German Neo-liberals

World History

Blog01/13/2022

In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.

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Money and Banking in the US after the Crises of the 1970s and '80s

Money and Banks

Blog01/13/2022

In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars.

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Money and Banking after World War II: A Study in Extremes

World History

Blog01/12/2022

Any discussion of money and banking in the United States post-1945 starts with introducing its two central features: the Bretton Woods System and the New Deal.

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Mandatory Holidays Mean Less Freedom and Flexibility for Workers

Bureaucracy and RegulationLabor and Wages

Blog12/28/2021

Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.

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