Mises Wire

Relying on Experts: A Proven Path to Failure

EducationProgressivismStrategy

Blog11/19/2022

American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.

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Free Markets DO Work in Developing Countries

Free MarketsGlobal EconomyWorld History

Blog11/18/2022

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

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Why Cambridge Philosopher Raymond Geuss Hates Free Markets and Individualism

DemocracyLiberalismSocialism

Blog11/18/2022

Geuss claims to be a liberal against liberalism. Given that he has praised Lenin and Mao, that part about being against liberalism is certainly true. 

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Are Progressive "Experts" Fallible? Yes, But Don't Tell Them That

Progressivism

Blog11/18/2022

Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

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Without Easy Money, the Tech Sector Faces Layoffs and Losses

U.S. History

Blog11/17/2022

Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. 

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In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market

The FedInflation

Blog11/17/2022

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

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The Housing Boom Is Already Over. The Housing Shortage Will Continue.

U.S. Economy

Blog11/17/2022

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

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How to Think about Monetary Intervention

Blog11/17/2022

Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.

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