Production creates unemployment?

03/13/2004 Mises Wire Mark Thornton

Gregg Easterbook believes he has discovered a paradox (”Higher productivity... may lead to fewer jobs”) but he has only resurrected an old fallacy, exploded by Bastiat among many others.

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions and Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire

Latest Articles

Caplan’s Errors on the UAE and Open Borders

11/15/2024 Mises Wire Artis Shepherd

Arguments advanced to support a political position often fail to withstand the slightest scrutiny. Rather, they are meant to make an impression on the impressionable—those who lack the context...

There’s No Sign of Relief from Ballooning Federal Deficits

11/15/2024 Power & Market Ryan McMaken

The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed. During October—the first month of the 2025 fiscal year—the federal...

The Fed’s “Temporary” Mortgage-Backed Security Experiment Will Last Decades

11/14/2024 Power & Market Alex J. Pollock Paul H. Kupiec

It has been nearly 14 years since Federal Reserve Chairman Ben Bernanke told Congress that the Fed’s emergency quantitative-easing policy, of which the most radical part was buying mortgage-backed...

Abolish the Department of Homeland Security

11/14/2024 Mises Wire Ryan McMaken

The Trump transition team on Wednesday announced that he is nominating South Dakota governor Kristi Noem as the next head of the Department of Homeland Security (DHS). In the coming weeks, we’ll hear...

Elections: Do They Really Matter?

11/14/2024 Mises Wire Thomas J. DiLorenzo

This article is adapted from a speech delivered at the Mises Circle in Fort Myers, Florida on November 9, 2024. The answer to the question posed in the title is: Yes and No. Yes, some elections have...

Meet the Writer

Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

Voting on Drugs

11/13/2024 Mark Thornton

The iron law of prohibition states that the more you attempt to enforce prohibition, the more dangerous and the more potent the drugs actually become.

Keynes Was Not Much Better at Investing than He Was at Understanding Economics

11/11/2024 Mark Thornton

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.

Subscribe to our Mailing Lists

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member