Mises Wire

All goods and services are scarce, and government intervention has never changed this reality.  The scarcity of water is nothing new, nor is it an impossible conundrum for markets. 

Contra Mr. Biden, this is entirely about freedom and personal choice.

Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one. 

Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation. 

Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. 

In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of those lectures, now available. 

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.

Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

The people who really run California aren't going anywhere. Even if California voters throw out Newsom very little will change in state government.