Mises Wire

Do Human Emotions Better Help Us Understand Economic Analysis?

Other Schools of ThoughtPhilosophy and MethodologyPraxeology

Blog10 hours ago

Behavioral economics operates on the assumption that human emotions play an important role in determining economic choices. However, while all of us have emotions, we ultimately use reason to determine what we need to sustain our lives.

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Does the Balance of Payments Determine Exchange Rates?

Central BanksEconomic PolicyFinancial MarketsMonetary Policy


Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.

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Do We Really Want to Go There? A Michigan Jury Endorses Vicarious Criminal Liability

LawLegal SystemPoliticsProgressivism


At the urging of a progressive prosecutor, a Michigan jury this week vastly expanded criminal law to convict parents of a school shooter who themselves had not broken the law.

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Does Socialism Protect Rights or Violate Them?

CapitalismDemocracyMedia and CultureSocialism


Continuing his examination of Scott Sehon's book on socialism, David Gordon asks if socialism violates people's rights. Gordon concludes that it does.

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Don’t Let Your Adversaries Raise Your Children

Bureaucracy and RegulationEducationLegal SystemSocialism


As government schools continue to propagate collectivist ideology, it is time for more parents to declare their independence and homeschool their children.

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Does Government Spending and Money Expansion Create New Wealth or Destroy It?

Big GovernmentCentral BanksThe EntrepreneurU.S. Economy


Government efforts to expand “aggregate demand” involve new spending and money creation. In reality, these activities destroy wealth in the name of expanding it.

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Do Destroyed Monuments Represent a Past Not Worth Defending?

Media and CulturePoliticsProgressivismU.S. History


Many cities and states in this country have been tearing down or destroying monuments because they represent part of a past that progressives and leftists believe should not have existed. Yet each time we tear down something, we potentially lose part of an important heritage.

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Does Debt Make Capitalism Financially Unstable?

Booms and BustsThe FedMonetary PolicyU.S. Economy


The Post-Keynesian School of Economics claims that business and personal debt create instability that sinks the U.S. economy. Private debt, however, is not the cause of boom-and-bust cycles.

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