Mises Wire

Ocasio-Cortez is Wrong: We're Not Working 80-Hour Weeks Now

Labor and Wages

Blog11/07/2019

Some politicians are sure that even average Americans are working more grueling hours than ever. On average we have more leisure time than ever now, and working hours are down over the past 20 years.

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The Economics Behind the Fall of the Berlin Wall

World HistoryCalculation and KnowledgePrices

11/07/2019Mises Daily Articles
Much of the media discussion around the 30th anniversary of the Berlin Wall's fall will focus on American military politics and the politicians of the time. But to truly understand why the Soviet system in Eastern Europe collapsed, we must look to Mises's pioneering work on economic planning.
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Does Milton Friedman's "Plucking Model" Refute Austrian Business Cycle Theory?

Blog11/06/2019

Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises' BOOM-BUST theory?

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The IMF Wants the World to Embrace Sweden's Ineffective Carbon Tax

The EnvironmentGlobal EconomyTaxes and Spending

Blog11/06/2019

Despite the IMF’s claims to the contrary, the case of Sweden actually shows that a political “solution” to climate change is ineffective.

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The American Middle Class Isn't Disappearing — But it's Not All Good News

U.S. EconomyU.S. History

Blog11/05/2019

Middle-income households and workers haven't been disappearing. They've been moving into higher income levels, while the lowest-income groups have been getting smaller. But another recession could erase many of the gains made over 20 years.

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The Fed Looks Increasingly Concerned About Liquidity and Growth — Even If it Says Otherwise

11/02/2019Power & Market

The Fed has cut its key target interest rate, and has cut interest paid on reserves, all while injecting more liquidity into banks. This is not a confident Fed.

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Currency Debasement and Social Collapse

Free MarketsWorld HistoryInterventionismMoney and Banking

11/01/2019Mises Daily Articles
The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise.
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