Mises Wire

David Gordon reviews the book War with Russia? From Putin & Ukraine to Trump & Russiagate. By Stephen F. Cohen.

While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.

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.

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.

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.

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

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.