Mises Wire

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.

American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

Geuss claims to be a liberal against liberalism. Given that he has praised Lenin and Mao, that part about being against liberalism is certainly true. 

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

Cheap money in the last decade has meant good times for companies that barely make money and hire employees who barely work. But those times are now ending. 

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.