Money Supply Growth Surged to a 33-Month High in November.
The money supply growth rate surged in November, climbing to a thirty-three-month high. The last time the growth rate was higher was during February of 2017, when the growth rate …
Mises Wire
The Hindenburg Program of 1916: A Central Experiment in Wartime Planning
Volume 2, No. 2 (Summer 1999) It has long been recognized that the year 1916 was the turning point in World War I, the year in which, as historian René …
Henry Ford Did More for Workers than Unions Did
A Car for the Masses When Henry Ford came up with the Model T, his goal was to build a car for the masses. Although history teachers typically present this …
Now Is the Time to De-Escalate War with Iran
On January 3, Iraqi prime minister Adel Abdul Mahdi condemned the US’s killing of Iranian general Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis, calling the airstrike a”massive breach …
Money, Expectations, and Economic Growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output and prices. Friedman held that in the …
Conservation in the Free Market
[This essay is chapter 9 of Egalitarianism as a Revolt against Nature, and Other Essays] It should be no news by this time that intellectuals are fully as subject to …
The Seen and the Unseen of “Waste”
Our goats love this time of year. The neighboring fields have been harvested, but not completely. Around the border and in odd spots throughout the field that adjoins our property …
Three Bad Arguments for the Minimum Wage
The case for market wages is simple. If employers and employees voluntarily agree to a certain wage, then that exchange will necessarily be mutually beneficial, otherwise it wouldn’t have happened. …
Why Paternalists Keep Calling Us “Irrational”
Some economists, such as the 2017 Nobel Laureate Richard Thaler and his colleague Cass Sunstein, have proposed an unusual justification for government interference with people’s choices. They do not intend, …
Austrian Student Scholars Conference 2020
Mises WireThe Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von …