Mises Wire

Mises described the problem, Hayek proposed the direction, Kirzner explains why the market will not stop. And the market, as so many times before, has already found the first step.

Modern moral philosophers often come up with immoral ways to undermine free markets. In this week’s Friday Philosophy, Dr. David Gordon examines the book How Much Is Enough? by Robert and Edward Skidelsky and questions the authors’ conclusions.

In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.

Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The Austrians know better. We need deflation and we need it now.

The New York Times claims that the “administrative state”—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.

Over the centuries, many academic institutions and publications have played their role in the good work of defending freedom. The Mises Institute does this today.

This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more.

The US finds itself once again in an undeclared overseas war. Republicans in Congress, however, are unwilling to hold Trump to the Constitution.

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.