Mises Wire

Goverment-Subsidized Technology Won't Save China's Economy

Socialism

Blog06/12/2020

China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.

Read More

Coronavirus Propaganda Mimics War Propaganda

Media and CultureWar and Foreign Policy

Blog05/27/2020

Propaganda kills, but it also works. Many of the same tactics employed to destroy opposition to the Iraq War are being used today against opponents of lockdowns.

Read More

How Bad Is It?

Booms and Busts

Blog05/13/2020

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.

Read More

This Giant Monopolist Needs to Declare Bankruptcy and Reorganize

Blog05/09/2020

If organizations like the Federal Reserve and governments were forced to compete in a real economy, they would have been forced to declare bankruptcy, reorganize, and split up into smaller pieces long ago.

Read More

How to Think about the Fed Now

Blog04/15/2020

The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.

Read More

Let's Give Bernie-Syle Socialism a Try in California First

Decentralization and SecessionSocialismTaxes and Spending

Blog03/11/2020

For starters, let's have California secede and limit Bernie-style socialism to the new republic. If my predictions ended up being wrong and the state became a paradise, then the rest of the country could quickly follow suit.

Read More

Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog02/24/2020

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

Read More
Shield icon wire