Mises Wire

Finally Kicking the GDP Habit

Philosophy and Methodology

Blog04/18/2020

GDP is fine for counting things like washing machines. But it is quite useless for counting other basic indicators of the quality of life.

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Flattening the Curve or Flattening Bellies? Africa's COVID-19 Dilemma

InflationGlobal EconomyTaxes and Spending

Blog04/14/2020

Africa is in no position to bring a halt to economic activity. Urban poverty and huge debts present an apparent choice between rampant disease and mass impoverishment.

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Free Trade Brings More Foreign Investment into the US. That's a Good Thing.

Free MarketsProtectionism and Free Trade

Blog04/09/2020

Politicians and pundits have a blind spot when it comes to international economic transactions. They ignore a portion of trade! In particular, they ignore trade in claims on future income—that is, stocks and bonds.

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Freedom Still Matters, Even in the Midst of a Virus

Big GovernmentDecentralization and SecessionStrategy

Blog04/07/2020

“Whenever a single definite object is made the supreme end of the State…the State becomes for the time inevitably absolute.” We cannot allow combating a virus to overwhelm all other values in society.

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Fear Makes It Easy for Governments to Expand Power

Big GovernmentHealthLegal System

Blog03/25/2020

Why are governments so enthusiastic about shutting down businesses when other less draconian measures are available and prudent? The answer lies in the fact that governments can act with near impunity and want to maximize their power.

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Fail: Quantitative Methods Presume That Human Action Is Reflexive

Philosophy and MethodologyPraxeology

Blog03/21/2020

Quantitative methods can't be applied to human action, which is purposeful and not a mere reflex. For this reason, mathematical formulas can only describe events, never explain them.

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Financialization: Why the Financial Sector Now Rules the Global Economy

Blog03/18/2020

"Financialization" is the process by which a normal economy is transformed into a fragile economy centered around financial firms. Central banks and government bailouts are to blame.

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Fed-Driven Asset Price Inflation Means You Can Now Buy Less House Than You Could Before

Booms and BustsInflationMonetary Policy

Blog02/27/2020

Central banks are driving asset price inflation in stocks and real estate. That means people holding those assets get richer. But everyone else just gets higher prices.

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