Mises Wire

The influence of the Mises Institute is growing, but we still have a long way to go. With an election year looming, our mission of winning hearts and minds becomes increasingly urgent.

It's no news to Austrians that the world is suffering from a lack of economic understanding. Yet, whether or not people wish it, economic truths remain true — and they affect our everyday lives.

Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.

This week, the Federal Reserve raised the target Federal Funds Rate ever so slightly. The Fed perhaps felt it had to raise rates to protect its credibility, as credibility problems seem to be plaguing similar institutions worldwide.

Statistics can only go so far in telling us about patients, so doctors must deal with uncertainty every day while applying the skills of entrepreneurs. In a way, the best doctors are often the best entrepreneurs.

As you've likely heard already, the Republican Party in Congress has joined forces with the Democratic Party to make sure that no government program, no matter how pointless, does not have to suffer the indignity of even the tiniest spending cut.

The biggest technology problem we face today is not the rise of technology in the private sector. New technologies only improve worker productivity and wealth accumulation. The real problem is in the many ways that the state will use technology against us.

Robert Wenzel discusses a Cato Institute post on the basic income that ignores libertarian principles.