Mises Wire

Our friends at Grove City College have accomplished an incredible feat, digitizing their archive of Ludwig von Mises’s personal papers.

Isaac Newton is best known for his development of mathematics and physics, but he also took a keen interest in economics, especially the relationship of money to economic exchange. He also believed that economic laws, like gravity, were immutable.

America’s residential mortgage market is mostly controlled by government. Ryan McMaken and Alex Pollock talk about how government corporations like Fannie Mae are fueling America’s housing affordability crisis. 

Both Trump and Lincoln treat a group of people as lepers—i.e., Palestinians and blacks—who should be removed from society and denied property rights in their own country.

The Technocracy Movement was an offshoot of progressivism, and adherents believed that science and technology were the keys to creating a new Utopia. Not surprisingly, this “Utopia” was anti-individual freedom.

Modern progressives believe that one can only be loyal to one‘s nation by being loyal to the central government. Yet, American history shows that the “nation” is not the state but rather the community to which one belongs.

There are more federal grantees and contractors at NGOs and private firms than there are “official” federal workers.  These faux “private“ jobs must be cut also.

What determines currency exchange rates? While “experts” present a number of theories such as trade balance, the most important factor is the purchasing power of the currencies in question.

In his inaugural address, President Donald Trump promised a “revolution of common sense.” However, one area of US government policy that has lacked “common sense” for more than a century is how this government deals with other nations. It‘s time for a change.

Things aren‘t going as planned. Inflation just rose to an 18-month high, and the Fed has stopped saying that it‘s making “progress toward the 2 percent objective.”