Mises Wire

Exposing Our Fed-Driven Bubble Economy

Booms and BustsThe FedInflationKeynes


The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.

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Economics and the Real World

Philosophy and MethodologyPraxeology


Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter.

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Even Though They Are in Long-Term Decline, Labor Unions Still Threaten the Economy

Economic PolicyFree MarketsLabor and WagesMedia and Culture


Although the percentage of the unionized U.S. workforce has fallen in recent decades, labor unions still are a threat to our economy and our collective wellbeing.

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Ethnic Prejudice and Wealth Gaps: Does the First Lead to the Second?

Economic PolicyMedia and CultureU.S. History


As politicians at all levels debate paying black Americans "reparations" for chattel slavery, a careful study of the wealth gaps between ethnic groups shows that ethnic prejudice explains very little. Other factors matter more.

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Eurodollars as a Fractional Reserve Market

Booms and BustsInflationMonetary PolicyU.S. Economy


We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.

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Easy Money Is a Much Bigger Economic Problem than Debt

The FedMonetary PolicyTaxes and SpendingU.S. Economy


While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.

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Economic Calculation Is Nonbinary

SocialismCalculation and KnowledgeEntrepreneurshipPraxeology


Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.

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Even in Slave Economies, the Division of Labor Was Inescapable

Legal SystemWorld History


Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves.

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