Mises Wire

Modern Monetary Theory Is an Old Marxist Idea

Monetary PolicyMoney and BanksSocialism

Blog03/12/2020

Modern monetary theory (MMT) conveniently facilitates dangerous policies and ideas that seemed unrealistic, like universal basic income and “helicopter money,” and that have been particularly propagated by government-sponsored economists for the past few years. 

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Mexico's Leftist Leader Is Turning Out To Be a Disaster

Media and Culture

The last sixteen months of López Obrador's administration have been a show of incompetence, yet people continue to cling to the idea that the key to solving Mexico's problems is getting the "right people" in office.

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Markets Rely on Accurate and Honest Information — But Governments Want the Opposite

PricesValue and Exchange

Blog10/03/2019

Market prices reveal critical information about sellers, buyers, and market demand. But government interference in markets substitutes a fake version of reality that leads to impoverishment.

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Mexican BMW Factory Shows Us the Benefits of Free Trade

Protectionism and Free Trade

Blog06/18/2019

Car companies are building in Mexico rather than the United States, largely because it has freer trade than the United States does with the rest of the world.

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Money: How Its Past Predicts Its Future

Money and BanksMoney and Banking

Blog01/09/2019

Hayek was right when he said if we want to maintain a free society, we have to take the money monopoly away from the government. 

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Murray Rothbard RIP

Biographies

Blog01/07/2019

Today is the 24th anniversary of Murray Rothbard's death. Rothbard had a consistent vision of the good society throughout his long career.

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Medicare for All: Administrative Costs Are Much Higher than You Think

HealthTaxes and Spending

Blog12/04/2018

Those pushing Medicare for All rely on the presumption that it will generate huge administrative efficiencies. But they greatly underestimate the program's real administrative cost.

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Murray Rothbard's Birthday

Blog03/02/2018

Today would have been Murray Rothbard's 92nd birthday.

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