Mises Wire

Was the French Revolution Good or Bad?


 There are so many parts of the Revolution, so many stages, and so many protagonists, that we are sometimes confused as to how to interpret it. Historians tend to explain the Revolution according to their predilections, or even their heroes. 

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What is Software Quality? An Austrian Approach

Austrian Economics OverviewEntrepreneurshipSubjectivism


Even something that seems as objective as software development falls under the Austrian view of subjective utility.

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When It Comes to Economic Analysis, Your "Opinion" Is Irrelevant

Austrian Economics OverviewPhilosophy and MethodologyPraxeologySubjectivism


Subjective valuation, which is at the heart of Austrian economic thinking, is not the same thing as someone's opinion.

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Why Must Supply Precede Demand? Understanding Economic Foundations

Booms and BustsAustrian Economics OverviewPraxeology


Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

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What Is Seen—And What is NOT Seen: Bastiat's Often-Ignored Wisdom

Economic FreedomEconomic PolicyInterventionism


Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.

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Will Dollarization Work in Argentina?

Economic PolicyGlobal EconomyInflationMonetary PolicySocialism

Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.

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Why the Fed's Tight Rate Stance Damages the Economy

InflationMonetary PolicyU.S. EconomyGold Standard


In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.

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Welcome to the Twenty-First Century American Bankruptcy Show

Booms and BustsCronyism and CorporatismThe FedU.S. Economy


As the US economy sours, look for a wave of new bankruptcies. The Fed cannot pull any rabbits out of its monetary hat this time.

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