Mises Wire

Legacy of Menger’s Theory of Social Institutions

History of the Austrian School of Economics

11/25/2019Articles of Interest
Menger’s insights about the origin of social structures inspired later contributions in three main areas: spontaneous order, money, and law.
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Sound Money Is Our Best Hope Against the Monopolists' Threat

Money and Banking

Blog11/25/2019

Inflationary monetary policy is driving markets toward ever larger and more monopolistic firms that dominate the marketplace.

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Second Amendment Sanctuaries: Rhetoric vs. Reality

Blog11/25/2019

Most of the resolutions passed by local governments in the name of "second amendment sanctuary" efforts don't actually do anything.

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The Nobel Laureates Are Wrong: Of Course Financial Incentives Matter

Austrian Economics OverviewOther Schools of ThoughtValue and Exchange

Blog11/23/2019

There is a growing drumbeat from some high-profile economists to reassure Americans that large increases in income and wealth taxes won’t distort labor markets. Yet much of their arguments are very misleading.

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Expect the ECB to Use a "Climate Crisis" to Justify Their Next Stimulus Plan

Cronyism and CorporatismThe EnvironmentMoney and Banks

Blog11/23/2019

The ECB, always happy to repeat the mistakes of Japan, is likely to start new programs of debt monetization for green projects and claim it is a different, radical and new measure.

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Money-Supply Growth Accelerates to 28-Month High

Money Supply

Blog11/23/2019

During October 2019, year-over-year growth in the money supply was at 4.95 percent. That's up from September's rate of 3.10 percent, and was up from October 2018's rate of 3.49 percent.

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Why Behavioral Economics Isn't Very Useful

Philosophy and Methodology

Blog11/22/2019

Behavioral economists are masters of comparing apples to oranges and dressing up incorrect statements in fancy language and mathematics.

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Governments Created Too Many Criminals. Now They Want More Regulations to "Solve" the Problem

Blog11/22/2019

If governments really want to help former criminals get jobs, they should stop turning so many small-time offenses into crimes.

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