News
Price Inflation Is Getting Worse
1+ day, 7+ hour ago (215+ words) Even the federal government's official data shows that price growth is well above the Federal Reserve's two-percent target. In fact, price inflation is now at multi-year highs, and there is good reason to think this will continue. Be sure to…...
War, Easy Money, and the Working-Class Squeeze
1+ day, 18+ hour ago (434+ words) Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today's "two economies" to Ludwig von Mises's Austrian business cycle theory. Easy money and credit inflation lift asset owners, big corporations, and government finance, while working families get…...
A Schumpeterian Analysis of the Eurobond Scandal through Rothbard's Cui Bono
1+ day, 14+ hour ago (366+ words) The funds were deposited in an offshore account at JP Morgan Chase in New York. Two primary transactions followed: approximately $604 million (Ksh 53 billion) repaid a pending syndicated loan, and $394 million (Ksh 35 billion) was transferred to the Kenyan exchequer. This left…...
Mises's Theory of Nations Applied to Immigration and Borders
1+ day, 14+ hour ago (881+ words) In'Nation, State, and Economy Ludwig von Mises defines a nation as a people group who all speak the same language, even while understanding that shared history, culture, and ancestry contribute to national identity. Mises also distinguishes between nation and state,…...
The US Constitution Is Now a Suicide Pact
2+ day, 2+ hour ago (111+ words) Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this. Original article: https: //mises. org/mises-wire/us-constitution-now-suicide-pact The US Constitution Is Now a Suicide…...
How Future Supply Moves Today's Prices
2+ day, 3+ hour ago (264+ words) This week, Bob walks through three thought experiments to show how expectations of future supply changes ripple into present prices and production decisions in ways that purely mechanical monetary frameworks like MV=PQ can't capture. Related: How Can Mining Asteroids…...
How Social Contract Theory Became State Apologetics
2+ day, 4+ hour ago (730+ words) This year in the United States, we recognize the 250th anniversary of the final presentation of the Declaration of Independence on July 4, 1776. To the informed readers of the Declaration'mainly penned by Thomas Jefferson, but with the help of others'it is evident…...
Beware the Alternatives to Capitalism and Socialism
2+ day, 5+ hour ago (485+ words) Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors, and it never changed. If he was born poor, he…...
After 75 Years, Human Action Is Still the Standard for Understanding Economics
2+ day, 8+ hour ago (426+ words) [The Influence and Significance of Human Action After 75 Years edited by Joseph T. Salerno (Mises Institute, 2026; v +256 pp.)] The Mises Institute held a conference in 2024 to commemorate the 75th anniversary of the publication of Human Action in 1949; and, in the present volume,…...
The Economic Problem Behind Zohran Mamdani's Government Grocery Plan
2+ day, 9+ hour ago (142+ words) Zohran Mamdani's proposal reflects a growing belief that economic problems can be solved through public ownership and political management. But a grocery store is still a business governed by costs, and economic reality regardless of who owns it. Original article:…...