Mises Wire

As federal prosecutors expand the government's definition of crime, more and more people are swept up despite the fact they have harmed no one.

Do Austrian theories also apply to financial markets?

Progressive historians, journalists, and politicians claim that the Industrial Revolution and the growth of industry brought poverty and exploitation to American workers. The truth is much different, even if it is rarely heard.

The time is ripe to deliver Rothbard’s message about the government’s destruction of our money. Help us spread the word!

Donald Trump’s leaked plan for the Fed has sparked a panic. But the real risk, from the establishment’s perspective, is not that Trump will turn the Fed into a political organization but that he will expose the fact that it already is one.

The government’s inflationary borrow-and-spend policies have given Americans a false sense of prosperity. In the end, such policies are unsustainable.

While Austrian and feminist critiques of neoclassical economics have some similarities, they also differ strongly on important points. Feminist critiques are based upon what Mises called polylogism, while Austrian critiques are based upon praxeology.

Many economists argue that the economy is growing, and that inflation is a secondary problem. Not for the average American. Citizens are poorer in absolute and relative terms.

Remember when inflation was “transitory”? Or when Paul Krugman claimed inflation was “under control”? The numbers keep telling us a different story.

As progressives attempt to redefine racism to fit modern political fantasies, we need to look at historical examples of ethnic discrimination to better understand our current situation.