Mises Wire

Behavioral Economics Challenges the Rationality of Consumer Choices



While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.

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Budget Deficit Hits Monthly Record Due to Biden’s Policies

Economic PolicyProgressivismTaxes and SpendingU.S. Economy


Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.

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Blowing Up the World When So Little Is at Stake

War and Foreign Policy


Even if we accept the dubious claim that the supposed strength of the USSR justified nuclear brinkmanship, its absurd to make that same claim about modern Russia. 

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Born on the Tenth of January

LibertarianismU.S. History


Thomas Paine, whose fiery essay "Common Sense" made a case for the American Revolution, is a much-neglected American founder.

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Bans on "Assault" Weapons Do Not Reduce Crime

Bureaucracy and RegulationLawThe Police State


Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.

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Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?

The FedInflationBusiness Cycles


As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it.

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Burning Down Rothbard



While Andrew Koppelman has made a good faith effort to understand and portray libertarianism, he makes some serious errors regarding Rothbardian thought. David Gordon helps to set him straight.

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Ben Bernanke's Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started

Booms and BustsMonetary TheoryMoney and Banking


Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.

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