Mises Wire

Three Times the Price of Gold Collapsed — And Lessons for Today

Money and BanksGold StandardMoney and Banking

Blog06/25/2019

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

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Two Reasons Why Socialism Repeatedly Fails

Socialism

Blog05/29/2019

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

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Tariffs Are Attacks on Property Rights and Freedom

Protectionism and Free Trade

Blog05/20/2019

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

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The Stock Market According to L.A. Hahn

Blog05/06/2019

Financial markets are neither perfectly efficient, nor animally spirited, but eventually adjusting.

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The Income Tax: Lessons from the Sixteenth Amendment

Taxes and Spending

Blog04/15/2019

The passage of an income tax in the early twentieth century in America was an enormous shift toward a far more centralized and powerful state.

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The Menace of Sub-Zero Interest-Rate Policy

Blog04/12/2019

If central banks had all respected a 1-2% floor to interest rates through the last decade how would economic recovery have taken place and what would have been the nature of the expansion?

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The Division of Labor Is at the Very Core of Economic Growth

Capital and Interest Theory

Blog02/09/2019

The importance of the division of labor hardly can be exaggerated, and it is also key in understanding the process of capital creation.

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Trump's Absurd Claim that Americans Are Free from Government Coercion

Blog02/07/2019

Tuesday night, Donald Trump claimed that Americans have always been free and "will stay free" of "government coercion." The U.S. regime's many victims would probably beg to differ.

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