Central Banks Have Broken the True Savings-Lending Relationship
Most people believe lending is associated with money. But there is more to lending. A lender lends savings to a borrower as opposed to “just money.” Let us explain. Take a …
Mises Wire
America Has Long Been a Haven for Draft Dodgers from Foreign Lands
From the Volga Germans to the Armenians of the Ottoman Empire to the Spaniards and the Mennonites, choosing emigration as a means of avoiding military conscription has a long history. …
Love, Fear, and the Law of Good Intentions
Today, progressives govern by the law of good intentions, and when government has good intentions, the results, no matter how disastrous, don’t matter. Original Article: “Love, Fear, and the Law …
Prosperity vs. Peace
A new economic fallacy came of age in the course of the last prewar decade and threatens to play havoc with the future peace of the world. This fallacy consists …
The Crazy Housing Market
Jeff and Bob discuss the dynamics of the housing market in the context of a recent talk by Alex Pollock. “Hazlitt, Hayek, and How the Fed Made Itself into the …
Markets Are Peaceful but the State Is Not
In this article, I would like to present some fundamental economic thoughts on the cause of war, as war has chronically plagued human history, particularly the more recent history. In …
The Looming Threat of a National Breakup
Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin. …
The Character of American Individualism
Individualism, and its economic corollary, laissez-faire liberalism, has not always taken on a conservative hue, has not always functioned, as it often does today, as an apologist for the status …
A Brief History of Pundits Encouraging Nuclear War
There is an active, influential, and well-paid minority of pundits and politicians in America who apparently believe that escalating conflict between nuclear powers—and even nuclear war itself—is not really that …
A Manufactured World Crisis
Few people today ask the most important question about the conflict between Russia and Ukraine. Many people want America to stay out of the fight, but even they don’t ask …