Mises Wire

How the State Seized Control of Marriage

World History

Blog7 hours ago

State regulation of marriage—and the ensuing secularization of marriage that followed—is a historical development that was part of the larger trend toward the expansion of state power.

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How the Middle-Class Dining Room Revolutionized Domestic Life

World History

Blog11/24/2022

For families and friends gathering for Thanksgiving this year, many will assemble in a room called the "dining room." This is a modern luxury made possible by the bourgeois merchants of old.

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How to Think about Regulatory Intervention

Blog11/21/2022

Free-market production, albeit imperfect, is driven by entrepreneurs seeking to profit from serving consumers. Government regulations sever this link to consumers wants. 

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How Easy Money Fueled the FTX Crypto Collapse

Blog11/19/2022

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

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How to Think about Monetary Intervention

Blog11/17/2022

Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.

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How to Think about Economic Calculation

Blog11/15/2022

We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management. 

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How Fiat Money Enriches the Unproductive

Inflation

Blog11/14/2022

Governments can conjure up money at the printing press—with predictable results. But anyone wanting a Lamborghini will have to produce real wealth to purchase it.

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How the Soviets "Fixed" Inflation, but Ruined the Economy

World History

Blog11/03/2022

The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. 

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