Mises Wire

One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.

What happens next will depend heavily on what the regime will feel is necessary to buoy public support for the regime and its current ruling party. 

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

Congress is silent – or compliant – as we lurch forward toward disaster for no discernable US strategic goal. Biden – or whoever is actually running the show – is forging straight ahead.

The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.

In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.

2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.

The Fed's latest attempt to correct the inflation it caused is putting the market on a crash course.

Rational choice theory claims that people in the political realm act in their own self-interest. However, in today's political climate, many people act against their own interests to avoid being attacked by others.

Why do governments keep pushing CBDCs when voters hate them? Simple: CBDCs are irresistible to governments, who would dearly love to monitor and control every dollar you spend and every word you speak.