Mises Wire

Mises and the "New Economics"

History of the Austrian School of EconomicsPhilosophy and Methodology

Blog4 hours ago

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.

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Abolish Government Schools

EducationCalculation and Knowledge

Blog4 hours ago

Even if it’s true that some wouldn’t be able to afford schooling without government financial assistance, the idea that this necessitates the government creating and running its own schools is a glaring non sequitur.

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How Fractional Reserve Lending Makes Money Disappear

Blog9 hours ago

Because banks make unbacked "loans," they create new money that later disappears when repaid. If these loans are not renewed, economic depression sets in.

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The Origins of Nazism

War and Foreign PolicyWorld HistoryPolitical Theory

02/22/2020Mises Daily Articles
Ludwig von Mises explains how the weakened state of German liberalism left the door open to German socialism which paved the way for Nazi ideology.
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When It Comes to Raw Power, Few Have More of It Than Central Bankers

Media and CultureSocialismValue and Exchange

Blog02/22/2020

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

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Tax Burdens, Per Capita Income, and Simpson’s Paradox

Taxes and Spending

Is there a correlation between wealth and a higher tax burden? After, people like to say that more taxes mean more public services.

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Capitalism vs. Socialism

Anti-PoliticsSocialismStrategy

02/21/2020Audio/Video
Is Bernie right to say America has become a socialist country? Jeff Deist joins guest host Judge Andrew P. Napolitano on Kennedy to discuss the "Capitalism vs. Socialism" debate within the Democrat Party.
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