Mises Wire

The Theory and Brief History of Money and Banking

The FedMonetary TheoryMoney and Banking

Blog01/29/2020

Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?

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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."
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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.

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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."

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The Medicaid Expansion Cheat

Health

Blog01/27/2020

Proponents of Medicaid expansion pioneered new ways of covering up the true costs of a government program.

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Trade Sanctions Are Both Immoral and Ineffective

Protectionism and Free TradeWar and Foreign Policy

Blog01/23/2020

Sanctions have a long history of failure. The US government's recent sanctions on Iran will likely be no different, but they will certainly be harmful to the Iranian people.

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The Majority of Virginia Homicides Come from Only Two Metro Areas

Bureaucracy and RegulationLegal System

Blog01/22/2020

Just two metro areas in Virginia reported more homicides than all the rest of the state combined.

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The Limits of Economic Calculation

Calculation and KnowledgeValue and Exchange

Blog01/21/2020

It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.

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