Mises Wire

How GDP Measures Help Create the Illusion that Money Pumping Grows the Economy

Money and BanksMoney and Banking

Blog09/02/2019

Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.

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Happy Birthday Hans!

Today is the birthday of Hans Hoppe, an outstanding libertarian theorist.

09/02/2019Power & Market
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Labor and Labor Costs: Using Theory to Understand the Data

Labor and Wages

Blog09/02/2019

Labor is not homogeneous, so data analysis that speaks simply of "labor" and "labor costs" must be treated with extreme caution.

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The F-35 Boondoggle

One reason Congress keeps throwing money at the F-35: There are 1,400 subcontractors for the F-35 program, spread out over 307 congressional districts in 45 States.

09/02/2019Power & Market
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Do Consumers Know What's Best for Them?

Value and Exchange

Blog08/31/2019

The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.

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The 100-Year Bond is Unethical

Money and BanksU.S. Economy

Blog08/31/2019

100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.

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The New York Times Gets Slavery (and Capitalism) Wrong, Yet Again

Labor and WagesU.S. History

Blog08/31/2019

If violence is the key to creating wealth, as Desmond insinuates, then the communist nations would have created fabulous amounts of wealth given the brutality of 20th-century Stalinism.

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Keynes and the Reds

BiographiesWorld History

08/30/2019The Free Market
If Keynes was such a model champion of the free society, how can we account for his peculiar comments, in 1933, endorsing, though with reservations, the social "experiments" that were going on at the time in Italy, Germany, and Russia?
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