Mises Wire

Double Standards Are Rampant in Canada's Drug War

Blog03/22/2019

On both the left and the right in Canada, politicians are using the Drug War — and all the lives it needlessly ruins — to play political games that help only the politicians. 

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The Fed Has Given Up: Get Ready for More QE

Blog03/21/2019

The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.

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Classical Economics vs. The Exploitation Theory

World HistoryCalculation and KnowledgeCapital and Interest TheoryMonetary TheoryOther Schools of Thought

03/21/2019Mises Daily Articles
Not only is capitalism not a system of the exploitation of labor, but the real system of the exploitation of labor is socialism.
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Australia's Gun Laws and Homicide: Correlation Isn't Causation

Blog03/21/2019

Although Australia follows the same homicide trend as the US, Canada, and much of Europe, gun control advocates try to credit the improvement in Australia almost solely to a 1996 gun control law.

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Capitalism Turns Luxuries Into Necessities

Blog03/21/2019

Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.

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Central Banks Are Messing with Your Head

Blog03/21/2019

By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.

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The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly Journal of Austrian Economics
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
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Mises’s Contribution: International Cantillon Effects

Protectionism and Free Trade

The effects of inflationary currency are not limited by government borders.

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