Mises Wire

Housing Prices Are Falling As Reality Sinks In

Booms and BustsThe FedBusiness Cycles

Blog06/28/2023

Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.

Read More

How "Squatter Democracy" Created America's First Welfare Program

U.S. History

Blog06/12/2023

After 1820, growing numbers of propertyless squatters were voters, and this was an opportunity for politicians to offer cheap land in exchange for loyalty to the Democratic Party. 

Read More

How Capitalism Redefined Masculine Virtue

Media and CultureU.S. History

Blog06/06/2023

In the preindustrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. 

Read More

Higher Corporate Profit Margins Aren't Causing Inflation

Booms and BustsEconomic PolicyInflation

Blog05/30/2023

The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.

Read More

How Markets Self-Corrected during the 1819 and 1919–21 Recessions

Booms and BustsKeynesMonetary PolicyU.S. EconomyBusiness Cycles

Blog05/23/2023

With the US economy facing a severe downturn, we should remember that two recessions ended quickly because the government didn't intervene at all.

Read More

How to Teach Austrian Economics to the Neighbor Kids

Economic FreedomThe EntrepreneurLabor and WagesEntrepreneurship

Blog05/02/2023

Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe.

Read More

Historical Effects of the Transatlantic Slave Trade

U.S. HistoryWorld History

Blog05/01/2023

While the horrors of the transatlantic slave trade have been well documented, people other than slave traders and slaveholders benefitted from it, with some surprising results.

Read More

How the Dollar Became the World's Top Global Currency

Money and Banks

Blog04/29/2023

The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank.

Read More