Textbook Definitions of Economics: An Informal Survey
The fundamental divide between Austrian economics and the mainstream is apparent on the first page of many textbooks, in which the authors simply define economics.
Mises Wire
In Sweden Cash Is Becoming Radioactive
The Swedish government abetted by its fractional-reserve banking system is moving relentlessly toward a completely cashless economy.
First they came for the cash, then they came for the microwaves
First they came for the cash, then they came for the microwaves. Sweden is the first country to experiment with negative interest rates in a cashless society.
Mises Weekends: Bob Murphy
On this episode of Mises Weekends, Jeff Deist and Bob Murphy discuss how government medicine is killing us.
“Social Expenditures” In the US Are Higher Than All Other OECD Countries, Except France
According to the Organization of Economic Cooperation and Development, "social expenditures" are expenditures that occur with the purpose of redistributing resources from one group to another, in order to benefit a lower-income or presumably disadvantaged population.
Today’s War Against Deflation Will Make Us Poorer
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors.
Sunday of the Blind, or the Failed Revolution
Revolutions and protests, violent or peaceful, only momentarily overcome the habit of civil obedience La Boétie talks about.
US Soldiers Are Paid Significantly More than Civilians with Similar Skills and Education
For years, Americans have been often exposed to a persistent myth that American military personnel are shamefully underpaid and generally taken for gr
FOMC: We’ll Raise Rates Some Day; We’re “Hawkish” Now
The Fed's Federal Open Market Committee released a brief statement on its decision to not raise the federal funds rate. The language sounds very familiar.
Underwear Prices to Remain Near Zero
The Federal Underwear Reserve Board wants to make sure that investors, employers, workers and consumers understand that it could raise its benchmark underwear price in December; it just is not ready to make any promises yet.
