Mises Wire

Price Stability Is Overrated

Blog08/05/2019

Contrary to popular thinking, we do not need  the central bank to stabilize prices in order to promote economic prosperity. The central bank can neither know the "correct" level at which to stabilize prices, nor can it know the right way to do it.

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Robots Ready to Scoop Ice Cream Jobs

Blog08/02/2019

As Murray Rothbard so rightly put it, minimum wage laws translate into “compulsory unemployment.” They don't provide any jobs. They only outlaw them.

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Courage Is Contagious

StrategyU.S. History

Blog07/31/2019

Justin Raimondo said things that were painful to hear. He said things that needed saying. He encouraged me. He encouraged friends of mine. He encouraged colleagues of mine.

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The Fed Chairman and the Phillips Curve

Blog07/30/2019

The Fed Chairman’s suggestion that the inverse correlation between inflation and unemployment has disappeared reveals that US central bank policymakers were previously employing a bankrupt theoretical framework to navigate the economy.

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The State of Economics Education

EducationStrategy

07/26/2019Audio/Video
Jeff Deist and Dr. Liliana Stern discuss the state of economics education on this special live episode of the Human Action Podcast.
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Are Expectations the Driving Force Behind Business Cycles?

Booms and BustsBusiness Cycles

Blog07/22/2019

Even if business people learn to expect easy-money caused bubbles and busts — this would still not prevent the formation of a boom-bust cycle. 

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Economics: Vocation or Profession?

EducationPhilosophy and Methodology

07/16/2019Mises Daily Articles
The vocational economist is dedicated to a body of ideas — not merely money, fame, or power — and strives to master the system of economic theory as handed down by the great system builders and innovators of the past.
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The Illusion of the Keynesian Multiplier

Money and BanksMoney and Banking

Blog07/15/2019

Not only will easy-money policy not increase production, it will impoverish us by inflating away real wealth.

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