Mises Wire

The simple tautology that individuals act is not trivial, despite what critics of Austrian economics might say. As Mises noted, human action is directly related to the ability of humans to reason. 

As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.

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On this episode of Radio Rothbard, Ryan and Tho are joined by friend of the show, Peter St. Onge.

The Lessons for the Young Economist video series is the antidote to public school economics education.

The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.

Today is the 50th anniversary of the resignation of President Richard Nixon, who left office because of his involvement in the Watergate scandal. Ryan McMaken has found some published thoughts from Murray Rothbard on the Watergate affair.

The Watergate scandal spurred a number of “reforms” that were allegedly designed to make the federal government “more responsive.” Yet, these reforms did little other than increase federal power.

Contrary to popular belief, China's economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government subsidies and direction but to plain good economics.

After a dramatic couple of days in the markets, economists and political figures are calling for the Fed to cut interest rates. But if we ever want to see an end to all this economic chaos, what we need are not lower rates or higher rates, but accurate interest rates.