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The mainstream of economics today makes use of mathematical techniques so extensively that to professionals and laymen alike, the discipline resembles a branch of applied mathematics. Consequently, the Austrian school (for whom math is of little importance in the study of

The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere. Original Article: "The Fed's Real Mandate" This Audio Mises Wire is generously sponsored

In my previous article on the college problem, I discussed the cultural factors that have contributed to the falling value of a university degree, which I hoped would show that we cannot reduce the decline of higher education to public

The Bible the ancient Israelites were warned about the dangers of having a government that would tax them heavily and oppress them. They didn't listen. Original Article: "An Ancient Warning: Criminal Trespass Is the State’s Essential Feature" This Audio Mises Wire is generously

According to the establishment survey of employment, released last week by the Bureau of Labor Statistics, total employment increased, month-over-month by 263,000 jobs. The "job market stays strong" reads one CNBC headline, and the new jobs print was hailed as a

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 6th, 2022.  

Popular thinking says that banks are the key factor in the expansion of credit. However, is this really the case? For example, take a farmer Joe that produces two kilograms of potatoes. For his own consumption, he requires one kilogram, and

Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere. Original Article: "What Drove the Industrial Revolution in Britain? It Wasn't Slavery" This Audio Mises Wire is generously sponsored

In today’s world, dominated as it is by the ephemeral, the superficial, and the inconsequential, it can be hard for a rational, dispassionate observer to make sense of what is going on—politically, socially, economically, and philosophically. It is that last aspect

Virtue-signaling politicians in New Jersey have banned single-use plastic bags, claiming to "help the environment." They need to read Hazlitt's Economics in One Lesson instead. Original Article: "Hazlitt's Lesson Restated: New Jersey's Disastrous Ban on Single-Use Plastic" This Audio Mises Wire is generously sponsored