2+ hour, 14+ min ago   (214+ words) For two decades, the Mises Institute has produced and published thousands of videos that have brought the insights of Ludwig von Mises, Murray Rothbard, and the tradition they inspired to millions of people all around the world. Since our beginning…...

2+ hour, 53+ min ago   (251+ words) On World Affairs in Context with Lena Petrova, Ryan McMaken explains why calls for a "$1.5 trillion defense budget" are really about bigger government, not national defense. He walks through how Pentagon spending keeps climbing despite repeated audit failures, why tariffs…...

5+ hour, 49+ min ago   (109+ words) Today, the term "Austrian economics" is used to designate two very different paradigms.This essay was originally published in 1993 in the Review of Austrian Economics, Volume 6, Number 2. Today, the term "Austrian economics" is used to designate two very different paradigms....

9+ hour, 13+ min ago   (790+ words) In a free market, an entrepreneur will need to allocate the correct amount of resources. A successful entrepreneur will need to estimate correctly the amount of demand there is for a good or service." Consumers will determine if they value…...

13+ hour, 14+ min ago   (732+ words) Ron Paul has often told the story of visiting Fed Chair Paul Volcker at his office and Volcker would immediately ask what the price of gold was that particular day. Perhaps he was checking on the damage to the dollar…...

15+ hour, 14+ min ago   (475+ words) However, problems arise when historians veer into presenting fictitious narratives as history. The treatment of Lincoln by historians is a striking example of this problem. As Tom Woods commented, Fiction is free to depict events that never occurred. The writer…...

1+ day, 1+ hour ago   (160+ words) Understanding history is not about understanding formulas or narratives. Instead, we must understand the people who made history, their motives, and their goals.Original article: https://mises.org/mises-wire/history-not-mathematical-calculation History Is Not a Mathematical Calculation Understanding history is not about understanding formulas or…...

1+ day, 5+ hour ago   (179+ words) The modern state doesn't get its power from the consent of the governed. Instead, it creates crises and then uses coercion to demand obedience.Original article: https://mises.org/mises-wire/stop-fighting-your-neighbor-mechanics-state-power-and-how-opt-out Stop Fighting Your Neighbor: The Mechanics of State Power and How to Opt…...

1+ day, 6+ hour ago   (635+ words) On January 9, The Telegraph reported, Ukraine and the United States are planning to sign a "prosperity" deal to rebuild the country at a gathering of world leaders in Davos. The prosperity plan is aimed at bringing in around $800bn (600bn) over a…...

1+ day, 9+ hour ago   (334+ words) (Also see Ludwig M. Lachmann, "The Role of Expectations in Economics as a Social Science," Economica, February 1943. Also, see Salerno's comment on Tullock and Tullock's reply.) Now, increases in the growth rate of the money supply gives rise to various non-wealth-generating…...