Mises Wire

All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.

Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.

American political, educational, and economic life is increasingly dominated by "experts." We should not be surprised that they fail most of the time.

Geuss claims to be a liberal against liberalism. Given that he has praised Lenin and Mao, that part about being against liberalism is certainly true. 

Ours is an age of the progressive expert who nearly always is wrong but still is embraced by progressive politicians, the media, and academe.

The standard line from progressives is that free markets usually fail in developing countries. The economic numbers tell a much different story.

Value is a moving target because consumers want change over time and innovations and new opportunities. The constant adjustments mean the market is best understood as a process.

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.