Mises Wire

Will Inflation Turn into Stagflation?

The FedInflationMonetary Policy


The Fed is, effectively, a car driving at night, very fast, with no headlights. That is a real threat, probably to an unprecedented degree.

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With Inflation at a 40-Year High, the Fed Is Too Afraid to Act

Money and Banks


Price inflation has been accelerating upward since April of last year. Yet the Fed has done virtually nothing. What's the Fed waiting for? 

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Woke Capitalism Is a Monopoly Game

Cronyism and CorporatismMedia and Culture


The rise of woke capitalism cannot be sufficiently explained in terms of placating coastal leftists, ingratiating left-liberal legislators, or avoiding the wrath of activists.

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Why Employment Is Not the Key to Economic Growth

U.S. Economy


A reduction in unemployment is not the key factor for economic growth. Rather, it is saving that is instrumental in the expansion and the enhancement of the production structure.

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What the Next American Civil War May Look Like

U.S. History


Many proponents of forced national unity insist the military can "solve" the problem. But with that method, "you're not solving the insurrection. In fact, you're spreading it. You're guaranteeing more of it."

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What Would Mises Have Thought of "Special Economic Zones"?

World History


SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes.

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Why Gold Is More Expensive than Bread

Value and Exchange


The concept of diminishing marginal utility is the essential building block of economics. But there is a difference in the way this law is discussed by mainstream economics and the Austrian School.

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Why Austrians Stress Ordinal Utility

Austrian Economics OverviewPhilosophy and Methodology


Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.

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