Mises Wire

Nearly 70 years ago, Ludwig von Mises explained the seemingly irrational hunger among capitalists for long-term government bonds.

In a free market, increasing trade leads to increases in real wages. Unfortunately, central banks have intervened to inflate many of those gains away.

Not realizing that markets merely reflect the values of consumers, theologian Harvey Cox imagines that markets somehow force consumers to shop.

Regardless of what is actually happening in the world, one thing is certain: in the long run, the Pentagon budget will not go down.

In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.

The whistleblower is not a "noble law-breaker" — he is not a law-breaker at all.

Decentralization, not political influence, should be the goal — a strategy that is more "Brexit" and less "Reagan Revolution."

Nevada's troubled pension plan provides ample evidence of why governments can not handle the task of running retirement funds.

Why the huge price increases associated with the ACA? Obamacare has too much risk and too little population of healthy individuals to bear the cost.

Central bankers keep suggesting the economy is weak because there is too much saving. The real reason for the weak economy is too much money production.