Mises Wire

Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.

For the past fifty years, the US has not had a military draft. Unfortunately, the end of conscription did not mean US military interventions abroad ended.

The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why. 

The DOJ claims that it has "protected" consumers by standing in the way of a partnership between JetBlue and American Airlines. The only thing the DOJ protected was higher-cost flying.

Philosopher Michael Huemer creates a challenge to the a priori methodology, but David Gordon answers the bell.

Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

Although most of Europe has long forgotten Misesian thinking, Prince Michael of Liechtenstein is an exception.

Progressives have distinguished themselves in the past half century by being against progress. That trend is unlikely to change.

Leonard Read's famous "I, Pencil" explained the workings of the market in terms of the creation of a simple pencil. However, we should not forget that the reviled fossil fuels are involved at every turn.

Join the Mises Institute, Dr. Peter McCullough, and Dr. Aaron Kheriaty for the Medical Freedom Summit!