Mises Wire

MMT Is Fake Economics

Money and Banking


Monetary sovereignty is not something the government decides. It all depends on the public's demand for a currency. That demand comes and goes, and once it's gone, a currency is irreparably damaged. 

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Moral Courage and the Austrian School

History of the Austrian School of Economics

To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear. 

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Money-Supply Growth Hits a New All-Time High in January

Money Supply


In January, money supply growth hit a new all-time high, rising slightly above September 2020's previous high, and remaining well above growth levels that one year ago would have been considered unthinkable. 

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Memories of Murray on His Ninety-Fifth Birthday

U.S. HistoryHistory of the Austrian School of Economics


Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility. 

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Murray Rothbard on War and "Isolationism"

War and Foreign Policy


"The true principle of isolationism is that the government should be isolated and people who trade, interchange, and engage in voluntary travel, migration, and so forth should be allowed to peacefully do so."

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Minimum Wage, Maximum Discrimination

Bureaucracy and Regulation


Eugenicist Progressives introduced the minimum wage, because it was well suited to perform the Progressives’ dirty work of discriminating against (what they considered) the least productive by making them unemployable.

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Money, Interest, and the Business Cycle

Money and Banking


"I am not against bank notes as such … I want to give everybody the right to issue his own banknotes. The problem then would be to get other men to accept such private banknotes; maybe nobody will take them."

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Monetary Inflation and Price Inflation

Central BanksInflation


Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.

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