Mises Wire

Why Central Banks Are a Threat to Our Savings

Money and Banking

Blog06/25/2020

Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.

Read More

Why Mises Opposed Both Eugenics and Social Darwinism

Political Theory

Blog06/18/2020

Mises points out that eugenicists’ aim to improve the “quality” of the human race is an incoherent and meaningless goal: there exists no clear and objective standard by which the quality of human beings can be measured.

Read More

Why You Should Read Human Action—Very Carefully

Philosophy and MethodologyPraxeology

Blog06/18/2020

Mises's Human Action is essential reading for any aspiring economist. But there can also be some pitfalls if we read it too casually.

Read More

Savings Are Critical to a Prosperous Economy

Monetary PolicyProduction Theory

Blog06/12/2020

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

Read More

The Importance of Economic Theory in Understanding Historical Data

Other Schools of ThoughtPhilosophy and Methodology

Blog06/08/2020

"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."

Read More

Defining "Inflation" Correctly

InflationPricesProduction Theory

Blog05/30/2020

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

Read More

The Big Reason Mises Rejected Marx's Dialectical Materialism

SocialismPhilosophy and Methodology

Blog05/25/2020

The weird thing about dialectical materialism is that Marx seems to have cobbled it together from two philosophies that contradicted each other.

Read More

Let's Hope Deflation Is Headed Our Way

InflationMonetary PolicyProduction Theory

Blog05/20/2020

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.

Read More
Shield icon wire