Mises Wire

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.

The author recalls the 1922 peace dollar his grandfather gave him sixty years ago. Real money.

Historians praise the US entry into World War I because it enabled an Allied victory. But it also led to the economic disasters of the 1920s and ’30s.

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

We should not conflate management with entrepreneurship. It is an error to misconstrue the market process as mere production management. 

Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

One place a price system manifests itself is the sports betting markets. The results are surprisingly accurate.