Mises Wire

Economists like Paul Krugman have claimed that practice of austerity in government would damage the US economy. As Mark Thornton points out, the opposite is true: austerity works.

Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.

Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.

In the name of "protecting workers," progressive legislators put people out of work. For their own good, of course.

It's odd for Joe Biden to celebrate an inflation report that still has price inflation growth over 7 percent, especially when real wages are falling and a recession looks more likely every hour. 

While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.

Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.

Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.

John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.

Progressives claim that capitalism is a form of "social Darwinism." Mises knew better.