Mises Wire

Dr. Philipp Bagus explains the main ideas from his new book which defends Misesian business cycle theory from a recent critique.

When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.

With Europe moving toward conflict in 1938, a number of economists and other intellectuals met in Paris to try to revitalize liberalism. Ludwig von Mises also was there as a lonely voice defending laissez-faire and the free market economy.

Legal philosopher Jeremy Waldron in his book The Rule of Law and the Measure of Property challenges the Lockean view of legitimate property ownership. David Gordon sheds light on Waldron's confusing positions.

Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.

In the wake of two major hurricanes and the calls for federal intervention, we repost Vedran Vuk's classic 2006 article that detailed how by "doing its job," FEMA blocked economic recovery in New Orleans after the Hurricane Katrina disaster.

To rid ourselves of the state, we need institutions that can replace it. This is why the state always works to destroy competitors like families, churches, and private schools.  

A recent fraudulent check-kiting scheme featured on TikTok bears resemblance to some of the "free money" schemes that have been coming from the Federal Reserve.

We must first build institutions that can replace the state. Institutions like families, churches, and schools.

Democracy, or at least the “democracy” that ensures the “right people” are elected, is the religion of American progressives. Despite its obvious failures, however, progressives claim that democracy is the Holy Grail of governance. Why people believe this is another question.