Mises Wire

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

In spite of the fact we are told the US is in the grip of a gun violence crisis, new FBI data shows murder rates dropped for the second year in 2018, falling back near 50-year lows.

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

It is frequently allege that, under capitalism, people aren’t paid what they are worth to employers. But the commonly-drawn implication that state intervention will improve things is false.

In The Free Market and Its Enemies, Mises wrote, “Even though you know everything about the past, you know nothing about the future.” This explains that the timeframe and economic constraints at work are vital to the expression of entrepreneurial talents.

As the US prison population grew, prisoners turned to larger organizations — such as prison gangs — to provide services and maintain order in prisons.

For the Pentagon, happy days are here again. With a budget of more than $1.4 trillion for the next two years, the department is riding high as it attempts to set the stage for yet more spending increases in the years to come.

There seems to be an increasing consensus that a global recession is coming soon. The good news is that the Spanish private sector is much better prepared than it was in 2007.

Anti-capitalist promoters of "climate justice" ignore all of the evidence of capitalism’s benefits staring us in the face.

Market prices reveal critical information about sellers, buyers, and market demand. But government interference in markets substitutes a fake version of reality that leads to impoverishment.