Mises Wire

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

The crisis-ridden welfare states of South America show us that the fabled "third way" to economic prosperity is not quite the cure-all we're told it is.

Mises did not just proclaim to the masses that civilization was in danger. Rather, Mises dedicated his entire life to educating his fellow man about sound economics and its importance to freedom and liberalism.

Europe is seeing the dangers of allowing demagogy to dictate energy policy. 

In a globalized world, nearly every product or service relies on products and services from somewhere else.

Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.

Democracy is only allowed when the voters vote "correctly" according to the ruling classes. "Wrong" decisions will trigger court rulings voiding the vote. Or we'll just keep voting until people get it "right."

Business owners have always made errors, and external factors can lead to economic crises of various sorts. But the cyclical pattern of booms and busts we now see are a result of government interventions not seen in a free marketplace.

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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