Mises Wire

History never quite repeats itself, but we can look for echoes of depressions from the 1920 and 1930s. Indeed, our current bubble shares some characteristics with bubbles of the past.

The Austrians have long argued that equilibrium models of economic phenomena cannot capture the causal, realistic aspect of human behavior.&nb

We don’t oppose the state’s wars because they’ll be counterproductive or overextend the state’s forces. We oppose them because mass murder based on lies can never be morally acceptable.

Today both Mises and Rothbard are better known around the world than their long-forgotten contemporaries. Why is that?

The biggest “success” of the ECB has been the massive bailout of governments at the expense of savers.

Markets respond with price changes to eliminate money surpluses and money deficits.

Federal efforts to confiscate property without due process are a problem. Nor is it a coincidence that the targeted property includes personal firearms.

Winning support in newspapers’ editorial headlines is not the same thing as constitutional justification.

Tariffs and economic sanctions infringe on the fundamental, God-given right of people to trade with whomever they want.

Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.