Mises Wire

How the Fed's Easy Money Spurred Today's Financial Frenzies

Money and Banks

Blog8 hours ago

It was government policies that kick-started the engine of financial innovation, wrongly blamed by many in the press and left-leaning academia for this increased economic instability.

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How Praxeology Helps Us Understand the Real World

Philosophy and Methodology

Blog10/08/2021

"Praxeology … does not deal in vague terms with human action in general, but with concrete action which a definite man has performed at a definite date and at a definite place."

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How "Cultural Distance" between Societies Can Hamper Economic Prosperity

World History

Blog10/06/2021

Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies. 

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How Fiat Money Made Beef More Expensive

Beef has become more expensive than pork. Could fiat money have driven resources toward pork-centered "factory farms" and away from less capital-intensive beef production?

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How the "Respectable" Media Serves the Political Elite

Media and CultureU.S. History

Blog09/30/2021

"American media are divided into “respectable” and “non-respectable” media. Respectable media, which are the only ones that are read by the American political elite, and presumably are all that filters down to European readers, are completely biased in favor of social democracy." — Murray...

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How the West Adopted China-Style Lockdowns

Blog09/29/2021

In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy. 

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How to Cheat with Cost-Benefit Analysis: Double Count the Benefits

Blog09/09/2021

Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. 

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How America Abandoned Decentralization and Embraced the State

Decentralization and Secession

Blog09/04/2021

Political decentralization in modern times has shown itself to be the most potent intellectual restraint on the growth of Leviathan. The Constitution is not enough.

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