Mises Wire

Stalin’s War is a magnificent book and everyone interested in the causes and consequences of World War II—and what reasonable person could not be?—should read it.

While it is easy to think the Fed bases its policies primarily on economic science, it’s more likely that what actually concerns the Fed in 2021 is keeping interest rates low to facilitate huge amounts of deficit spending. 

Why is the vaccination campaign so important to governments that they have increased pressure to vaccinate to such an unprecedented extent? Who has an interest in the global vaccination campaign?

Many insights of Menger are nowadays part of standard economics. Many more are preserved in the distinct school of Austrian economics. This applies particularly to the notions of foresight and the role of uncertainty.

We have to go back to 1945 and the Second World War to find a time in which government spending is similar to today's panic-driven frenzy of spending in Washington. 

Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life.

In a free, unhampered market, businesspersons in the pursuance of their goals will not require macroeconomic indicators. Entrepreneurs require an entirely different kind of data than what government data provides.

In this brief interview, Ludwig von Mises discusses the state of the global economy, the Marshall Plan, and the road to recovery.

There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it.