Mises Wire

Monetary authorities and monetary economists try to define money without understanding what money really is: a medium of exchange.

With negative growth now falling near or below –10 percent for the sixth month in a row, money-supply contraction is the largest we've seen since the Great Depression.

US government officials from President Biden to Secretary Yellen think the US can fund endless wars, but the American people are suffering in reality.

Modern minds are so oriented toward state power that people often fail to understand there is a better way. Instead of “thinking outside the box,” we should think outside the state.

Is a true populist US government on the horizon? Probably not.

Thanks to the exponential growth of government and regulation, the optimistic society of Back to the Future is fast becoming the dystopian world of Escape from New York or Death Wish.

"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources.

Robert Murphy explains how traders make money in a world of uncertainty and diabolical risk.

Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story.

While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals.