Mises Wire

Real income and wealth growth in the United States peaked in the 1990s, and has been declining since.

Economists generally do not like high transactions costs. But they can be good when imposed on governments.

Both Trump and Clinton agree the US government needs to spend billions more on infrastructure. More spending is not the boon they think it is.

Earlier this year, it was assumed that, this year global growth would drive a recovery in oil prices from their 2014 crash. We are still waiting.

Despite many differences, there are many similarities between Knightian and Austrian economics: entrepreneurship, uncertainty, and theory of the firm.

In the wake of government's do-nothing stance on preventing phone scams, there's a new private app for blocking abusive phone calls.

Empirical data is useful as historical information. But to interpret the data, we require good economic theory.

Money supply growth reached a three-year high in July.

It's become apparent that central bankers are afraid to do anything except hold rates steady, or, in the case of the UK, push rates even lower.

The Fed is busy coming up with new ways to "stimulate" and manipulate the economy.