Mises Wire

The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.

The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”

Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. 

The specter of stagflation is with us again despite Keynesians' claims that a new bout of inflation will lower unemployment. What causes it?

The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.

Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt.

Inflation is at a forty-year high, fuel prices are wreaking havoc, and there's no end in sight. Time for Biden to tell us how good we have it.

Many of the conventional strategies favored by freedom activists often fail to produce results. Lew Rockwell suggests some alternative strategies.

Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.