Mises Wire

Andrew Yang Fears Automation. He Should Fear Inflation.

Without inflationary money, automation means we can work less while at the same time have an even higher standard of living.

06/28/2019Power & Market
Read More

Returns, Refunds, and Opportunity Cost

The EntrepreneurEntrepreneurship

Blog06/28/2019

A business owner who cannot understand why a customer is not happy — or even very disappointed — with getting a full refund for a faulty product has failed to grasp some very fundamental economic concepts.

Read More

Is There a Limit to How Big a Corporation Can Get?

EntrepreneurshipMonopoly and Competition

Blog06/27/2019

Natural constraints on firm size are numerous, and in a truly free market, large firms would be constantly prone to being broken up and put out of business by competition. And all to often, huge firms become more long-lived due to government intervention.

Read More

Review: Capitalism in America: A History

U.S. History

06/25/2019Quarterly Journal of Austrian Economics
Joakim Book reviews Greenspan and Wooldridge's 'Capitalism in America .' What could go wrong with a book from a former Fed chairman? Quite a lot!
Read More

Three Times the Price of Gold Collapsed — And Lessons for Today

Money and BanksGold StandardMoney and Banking

Blog06/25/2019

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

Read More

Per Bylund: ACT!

The EntrepreneurCapital and Interest TheoryEntrepreneurship

06/25/2019Audio/Video
Hunter Hastings and Per Bylund discuss why Austrian Capital Theory is the key to modern organizational design, contemporary business structure, and a high response business model.
Read More

The Last Thing Europe Needs Is to Further Loosen the EU's Fiscal Rules

European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.

06/20/2019Power & Market
Read More

Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

Read More
Shield icon wire