Mises Wire

Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?

Free MarketsRationalismBusiness Cycles

Blog08/06/2022

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

Blog08/05/2022

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

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Do Tariffs Create Prosperity? Challenging the Populist Right on Trade

Protectionism and Free TradeU.S. Economy

Blog08/05/2022

Populists on the right (and left) are claiming that American prosperity came about because of high protective tariffs. But political rhetoric can't replace sound economics.

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Rising "Constitutional Carry" Is a Sign of Failing Trust in Government

U.S. History

Blog08/04/2022

In the past, many Americans may have simply trusted to the regime to provide "law and order." But that sentiment is apparently becoming more and more rare. 

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Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro

Central BanksInflation

Blog08/04/2022

Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.

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Economies Cannot Produce Wealth without Patience and Long-Term Horizons

Economic FreedomFree MarketsEntrepreneurship

Blog08/04/2022

People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.

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After Secession, What Happens to the National Debt?

U.S. HistoryWorld History

Blog08/03/2022

National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split. 

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Like Its Irresponsible Northern Neighbor, Mexico Is Also Suffering from Inflation

Central BanksInflation

Blog08/03/2022

Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.

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