Mises Wire

Celebrating Murray!

EducationPolitical Theory

Where Austrian economics was once a dwindling school of thought, now it flourishes in the US, Europe, Asia, and Latin and South America.

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For Keynesians and Austrians, "Uncertainty" Means Two Different Things

Booms and BustsCapital and Interest Theory

After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.

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Money Supply Growth Falls to 17-month Low in February

03/22/2017FedWatch
Growth rates in the money supply have fallen each month since October.

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Is the Size of the Fed's Balance Sheet More Important than the Target Rate?

The Fed

03/22/2017FedWatch
Minneapolis Fed president Kashkari voted against the Fed's March hike, wants to focus on the balance sheet question before the rate hike question.

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Don't Confuse Immigration with Naturalization

The EntrepreneurPrivate PropertyValue and Exchange

Blog03/22/2017
Governments made a mess of immigration thanks to their naturalization and welfare policies. But the answer is not to further limit property rights.

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How the Government Ruined US Healthcare — and What Can Be Done

HealthPolitical Theory

Blog03/22/2017
The American healthcare system is a byzantine system of government imposed monopolies and subsidies. Now, some doctors are trying to get out.

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Donald Trump's Whig Is Showing

Global EconomyTaxes and SpendingPolitical Theory

Blog03/21/2017
Donald Trump has revived the old philosophy of the American Whigs — a political faction in favor of trade barriers and lots of government spending.

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Understanding Money Creation and the Trade Balance

Money and BanksMoney and Banking

Blog03/21/2017
In the floating exchange rate framework, by means of monetary policy coordination central banks can create the illusion of currency stability.

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The G-20 Was Never Serious About Free Trade

Free MarketsGlobal EconomyU.S. Economy

Blog03/21/2017
Trump's anti-trade rhetoric is concerning, but he is not challenging a golden era of free trade.

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Obamacare Repeal or Obamacare 2.0?

Blog03/21/2017
The Obamacare "repeal" fails to address Obamacare’s most destructive features.

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