Mises Wire

Government "Stimulus" Schemes Fail Because Demand Does Not Create Supply

The FedFree Markets


Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

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GDP Provides a False Reading of the State of the Economy

Booms and BustsThe FedBusiness Cycles


Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically.

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Government Intervention Is Fueling Food Shortages

World History


Neither the Ukraine war nor tough weather changes would threaten a global food shortage in a normal market environment. Unfortunately, world markets are riddled with regulations, killing production.

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Greenspan Would Be Proud: A Lesson in Fed Speak

The FedMoney and Banks


The Federal Reserve continues the proud Greenspan tradition of obfuscation and confusing language to describe its reckless actions.

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Government Spending Is the Real Tax; Deficits Are a Sideshow

Economic PolicyProgressivismFiscal Theory


While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.

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Government, the Centralizing Mindset, and the Idiots in Charge

Big GovernmentBureaucracy and RegulationDemocracy


F.A. Hayek wrote that the "worst get on top" when it comes to government. Nearly eighty years after he wrote those words, nothing has changed.

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Governments "Sanction" Their Own Citizens Every Day. The Russia Sanctions Are Just a Natural Evolution.

War and Foreign Policy


The scale of the sanctions which Washington has imposed on Russia (and Russians) should not distract us from a crucial fact. What Washington is doing against Moscow is not rare. It is something that happens every day. 

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Gazing into the Fog of War Surrounding Ukraine

War and Foreign Policy


It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.

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