Mises Wire

The Limits of Economic Calculation

Calculation and KnowledgeValue and Exchange

Blog44 min ago

It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.

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Fed Nominee Judy Shelton Wants Sound Money — and Lots of It

Money and BanksMoney and Banking

Blog2 hours ago

Judy Shelton may be a tolerable—at least to Republicans—candidate for Federal Reserve Board of Governors.

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A World Without Entrepreneurs

Free MarketsWorld History

Blog3 hours ago

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.

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How to Avoid Secular Stagnation

Booms and BustsMoney and Banks

Blog8 hours ago

In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.

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The Libertarian Legacy of the Old Right: Democracy and Representative Government

U.S. HistoryPolitical Theory

01/20/2020The Journal of Libertarian Studies
What is the relationship between libertarianism and democracy? This article unveils a well-consolidated tradition of criticism of democracy within libertarian political philosophy.
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An Introduction to Virginia 2nd Amendment "Sanctuaries"

Legal System

Blog01/20/2020

Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.

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Are Housing Markets Still Clearing Out the Trash of the Last Bust?

Booms and BustsFinancial Markets

Blog01/20/2020

Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.

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Virginia Is Only the Beginning

01/20/2020Power & Market

To a certain degree, the showdown in Virginia is really only superficially about guns. It represents the valid anxiety that has arisen as the state’s rural population finds itself increasingly powerless in the face of the rapidly expanding political power wielded by high population centers.

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