Mises Wire

Why Property Rights Are Absolute, But Contracts Are Not

Blog08/13/2020

Because each person's control over his own body and will are inalienable, no person can be held to any sort of slavery "contract" even if all parties once agreed on it.

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The Mises Institute's Master of Arts in Austrian Economics to Commence Next Week

Education

Blog08/13/2020

Will you help the Mises Institute build this new school of graduate economics today?

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Gold Prices Show There's a "Big Short" Going on in Official Currencies

Blog08/13/2020

A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this:  the higher the price of this precious metal, the lower the exchange value of official currencies.

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Why There's a Left-Right Divide among Libertarians

Political Theory

Blog08/13/2020

Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.

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Trump's Payroll Tax Order Is Good Politics, but Doesn't Offer Much Tax Relief

Blog08/12/2020

Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.

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Are Negative Rates a Natural Historical Development?

Financial MarketsInterventionism

Blog08/12/2020

Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.

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Calculating GDP Correctly

Other Schools of Thought

Blog08/12/2020

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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The Misplaced Fear of "Monopoly"

Free MarketsMonopoly and Competition

Blog08/11/2020

The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.

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