Mises Wire

Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.

Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.

Because police protection of students is inadequate, Temple University of Philadelphia has hired private police to help keep students safer from crime.

Claudio Grass interviews Jeff Deist on the tumultuous year ahead.

We're now seeing the first time the money supply has actually contracted since the 1990s. The last time the year-over-year change in the money supply slipped into negative territory was in November of 1994.

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

Americans typically are told that private enterprise wastes resources while government preserves them. Economic truths turn that canard upside down.

Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.

The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible."

Even though there has been organized opposition to US involvement in the Saudi-led war in Yemen, whoever is in the White House—this time Joe Biden—continues to support this destructive conflict.