Mises Wire

When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).

Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.

Dr. Huagiao's translation is an invaluable contribution to the growing library of works about the Austrian school in China.

Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.

Many of the threats to liberty posed by this year's presidential candidates are due to the long history of supporting expanded presidential power.

The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.

Jon Grinspan's new book The Virgin Vote reminds us that democracy has no golden age of civil and well-reasoned electioneering.

Mainstream economics is fraying at both ends. It is vague, and lacks precision. Austrian economics, meanwhile, is rooted in concrete human action.

For Mises "human society is thus spiritual and teleological," the "product of thought and will."

John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.