Mises Wire

We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.

Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.

Trump doesn't understand the problem with the boom-bust cycle is the boom phase, not the bust.

Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.

Some states have proposed overturning laws that ban local governments from using housing policies like rent control. Rent control is terrible, but there's no reason to believe state governments ought to dictate housing policy to local governments.

Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.

Government stimulus plans blow up new bubbles to replace the old ones that had previously been created by government also. Let's end the cycle of wealth destruction.

Expansionary monetary policy causes economic recessions. It doesn't cure them.

Zuckerberg's pro-regulation position is just a pro-Zuckerberg position. Further politicizing and regulating the internet helps large firms crush the competition, and ensure the public has fewer choices.

Pumping yet more credit into the Eurozone is as effective as giving adrenalin to a dead horse.