Mises Wire
The Myth of the Equilibrium Interest Rate
The concept of an “equilibrium interest rate” is of limited, if any, aid to our economic understanding. Never mind the persistent popularity which it has enjoyed under fiat money regimes.
Why Politicians and Bureaucrats Choose Politics over Sound Economics
While politicians and bureaucrats always claim to work in the "public interest," the rewards they gain for making bad economic decisions are more important to them than any satisfaction they get from supposedly "serving the people."
The Non-Austrian Theory of the Nonbusiness Cycle
In today’s edition of Friday Philosophy, David Gordon reviews The Prophets of Doom by Neema Parvini. The author deals with conservatives that believe that free markets threaten the virtue of our society.
Savor the Taste of Independence, Grow Your Own!
Free markets in agriculture undermined communist governments' attempts to collectivize farming. You can strike a blow against state control by simply gardening.
Why Libertarianism Is Flourishing in Polish Universities
Ryan and Tho are joined by Łukasz Dominiak, a Mises Fellow and Associate Professor at Nicolaus Copernicus University in Poland.
Milei Tries to Tackle Rent Control in Argentina
Like so many other places where politicians promise something for nothing, Argentina has imposed rent controls in the name of “affordable housing.” President Milei is doing what he can to repeal these policies.
The Population Explosion Disaster that Never Happened
For more than a century, elite progressives have imposed draconian measures to curb population growth, which they said would destroy the earth. The population has grown, but the earth seems to be doing quite well, thank you.
Unmasking Democracy: A Moral Virtue or a Flawed Tool?
While Ludwig von Mises wrote in favor of democracy, his support for it was utilitarian at best, and he certainly did not have a near-religious affinity for it. Mises saw democracy as a means to peacefully transfer political power, period.
Biden's Inflation Narrative Dies as Price Growth Rises to a Seven-Month High
The regime remains unrepentant, and there is little danger that it will admit its role in fueling the price inflation that is now crippling many ordinary Americans.