Mises Wire

Although Federal Reserve policies are claimed to try to target the neutral rate of interest, it is not possible for that to be accomplished through monetary central planning.

For more than a century, economists have tried to reduce economics to a series of mathematical equations and statistical analysis. They have failed miserably, but that doesn’t stop them from continuing down the same mistaken path.

While elites tell us we need to fear artificial intelligence, they continue to approve of the Federal Reserve’s attempts to expand artificial credit, which is the real threat to our economic well-being.

"Let us therefore try to investigate what would happen if political servitude were to be abolished, if 'freedom of government' were to be established as a logical and necessary complement to freedom of industry."

Roger W. Garrison, a leading Austrian macroeconomist, has passed away.

If good sense prevails, the American regime will “forget” that Trump called for unconditional surrender, and instead pursue a more sane, negotiated resolution.

The revival of Austrian economics had roots in the Circle Bastiat group that met in New York City in the 1950s, among them Murray Rothbard and Ralph Raico.

Rothbard's view of the international system is built upon his consistent view of the state as a coercive institution run by a self-interested ruling class. 

Although Marxism has thoroughly permeated higher education, few employed there will admit to being Marxists. Instead, they employ Marxist terms to promote their social visions of deconstructionism.

In this week’s Friday Philosophy, Dr. David Gordon honors the centennial of Murray Rothbard’s birth, recalling his memories of conversations and discussions with the man who was knowledgeable on a wide range of topics—and was never a boring companion.