Mises Wire

The first myth one has to debunk: that the state is merely a natural and organic outgrowth of political power, as old as the history of mankind or of organized society.

When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation.

This is not a strong economy, it is a disaster waiting to happen as inflation remains elevated. Even the Federal Reserve now admits inflationary pressures are “persistent.”

Larson's principal targets are Friedman and Hayek, but Mises and Rothbard are not spared. For Larson, promarket economists aren't just wrong. They're bad people.

The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending.

Not all of America’s young men of the North bought into the federal propaganda. When the federal government was forced to resort to a military draft, many Americans resisted.

Austrian economics begins with universal axioms.

From the point of view of present-day standard macroeconomics, monetary history is a succession of technical changes to facilitate an increasingly large inflation of the money supply.

James Buchanan thought the state was a voluntary institution. Murray Rothbard, on the other hand, understood the reality of state violence and coercion.

It is clear that there are situations in which the unions’ interests diverge from the public’s interest in transparency and good policing. But the unions’ interests also often diverge from the interests of individual members.