Mises Wire

The Real Meaning of Deflation

Money and BanksMoney and Banking

Blog05/25/2019

Deflation is not a matter of animal spirits or consumer expectations. It is the result of earlier creation of money "out of thin air" by central banks and commerical banks. Deflation is the natural result.

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Was Bastiat an Economic Theorist?

Right now there is a stimulating online conversation going on about Bastiat's contributions to economic theory in his treatise Economic Harmonies.

05/24/2019Power & Market
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The Balance-of-Payments Myth

Protectionism and Free Trade

Blog05/20/2019

It is not "the US" that imports Japanese or Chinese electrical appliances, but an individual from the US, or a group of Americans. They import these appliances because they believe that a profit can be made. And governments ought not interfere in these transactions.

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The Subsistence Fund Is the Heart of Economic Growth

Money and BanksMoney and Banking

Blog05/11/2019

The "subsistence fund" — created by real savings — is the foundation of true economic growth. But it can be eroded and destroyed by creating money "out of thin air."

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3 Ways to Help Bridge the Racial Wealth Gap

Blog05/08/2019

Occupational licensure, civil asset forfeiture, and an inflationary monetary policy all work to destroy wealth-building opportunities among lower-income and non-white groups.

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What Mises Said about Rothbard

Critics of Rothbard have tried to create a myth in which Rothbard is not in the same Austrian tradition as Mises. The words of Mises himself say otherwise.

05/07/2019Power & Market
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Economic Models vs. The Real World

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

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Praxeology and the Method of Economics

Philosophy and MethodologyPraxeology

04/29/2019Audio/Video
Dr. Joe Salerno and Jeff Deist explore the method of economics.
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