Mises Wire

Economists consider probability to be central to economic analysis, but, as Ludwig von Mises wrote, economic action involves unique and purposeful events, not random ones.

Inflation is a government tool used to confiscate wealth from ordinary citizens and transfer it to government agents and others who are politically connected. That most Americans believe inflation is caused by greedy business owners shows how successfully the government covers its tracks.

The original 13 British colonies that made up the early United States had very different populations with decidedly different political and social outlooks.

Every lover of liberty should have a good reading list that promotes freedom. At the same time, one should develop the discerning eye to recognize statist language and to reject it.

As Murray Rothbard warned decades ago, government-sponsored science is simply an extension of the bureaucracy used by the regime to force its policies on others. This is not an accident or anomaly; it is how government works.

A. Mitchell Innes—a chartalist pioneer—wrote a pamphlet “What Is Money?” (1913) which found a credulous and ideologically sympathetic audience in J. M. Keynes.

Housing prices in the US are officially off the charts. But why is that the case, as it wasn’t that long ago that homes were affordable. Like all other economic crises, this one has its roots in government policies.

Rothbard aimed at something substantially more radical than Mises. Murray wanted a complete free market in money, with no government involvement whatever.

The Fed’s cost overruns in its building renovation project supposedly are not borne by taxpayers because, as the myth goes, the Fed is “self-financing.” However, the Fed’s “earnings” come from interest payments from the government, payments made by...taxpayers.

People who lost their homes last year in the LA wildfires are finding government roadblocks to rebuilding, due to systems put in place by progressives. And nothing will change.