Mises Wire

The concept of diminishing marginal utility is the essential building block of economics. But there is a difference in the way this law is discussed by mainstream economics and the Austrian School.

Real wages are going down. Debt is skyrocketing. The economy has only partly recovered from an economic disaster. This isn't the "historic growth" Joe Biden wants you to think it is.

The Nazi economy reduces entrepreneurs to the status of shop managers. The government tells them what and how to produce, at what prices and from whom to buy. Private property is de facto gone.

Wokism and US foreign policy should not be viewed as isolated phenomena but rather inextricably linked concepts given the US’s universalist foreign policy modus operandi.

Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.

California politicians say "gun owners should cover the costs of gun violence." Apparently, holding actual criminals responsible for their own misdeeds is too much work in California.

For the covid despots, anyone who objected to government commands was the equivalent of a heretic who must be condemned or banished from every place except the cemetery.

That something "works" isn't a license for a regime to do whatever it wants. But given that lockdowns don't even work—and are morally repugnant—how can they be justified? 

Bernanke’s initial moves to reverse QE were memorably beaten back by the so-called taper tantrum, so it's hard to see how the Fed will now proceed with aggressive QT.

Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall.