Mises Wire

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The Federal Reserve and so-called government stabilizers exist ostensibly to balance a market economy that supposedly is fundamentally unstable. But what if government intervention itself causes the instability?

Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.

The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment. 

Dr. Matt McCaffrey joins Bob to discuss his newly published journal article exploring the dispute Fetter had with the august British economist Alfred Marshall over the theory of rent.

The focus is on individual human action makes Austrian economics unique, as well as logically valid and compelling. It is a system of economic analysis based upon praxeology and causal-realism.

Libertarians generally agree that slavery violates libertarian principles, but how does one deal with the aftermath of abolition? How best to justly compensate former slaves for what was taken from them by slaveowners? Wanjiru Njoya examines some libertarian alternatives.

Ruchir Sharma, a non-Austrian, gets it right. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail.
 

No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy. 

Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.