Mises Wire

The Bank of Canada's Failed Mission to "Preserve the Value of Money"

Money and Banks

Blog2 hours ago

The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day.

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We're All Talking about Inflation, but Deflation May Also Be on the Way

Money and Banks

Blog7 hours ago

When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation.

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This Professor Hates the Austrian School. But He Clearly Doesn't Know Much about It.

Book Reviews

Blog11/29/2021

Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people.

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The US Misery Index Shows How Weak This Recovery Is

Blog11/29/2021

This is not a strong economy, it is a disaster waiting to happen as inflation remains elevated. Even the Federal Reserve now admits inflationary pressures are “persistent.”

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The Heroic Draft Dodgers of the American Civil War

Blog11/27/2021

Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted.

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Housing Hubris: Can Home Prices Spiral upward Forever?

U.S. Economy

Blog11/27/2021

The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending.

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Murray Rothbard versus the Public Choice School

Philosophy and Methodology

Blog11/26/2021

James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion.

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