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Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically. Original Article: "GDP Provides a False Reading of the State of

Lest anyone underestimate the brutality of state control, the way governments have handled the covid-19 pandemic demonstrates the authorities have not yet hit bottom. Original Article: "Covid-19 and the Continuing Erosion of Private Property Rights" This Audio Mises Wire is generously sponsored by

The capital asset pricing model (CAPM) is an important investment model that describes how investors expect to be compensated for the time value of money and risk. The more risk you take, the more you want to be compensated. The formula is

The traditional approaches to the structure and management of firms are becoming barriers to customer value. The Austrian capital theory approach recognizes that all value in the corporation flows to it from the value experiences of customers. Therefore traditional organization

An essay by Hans-Hermann Hoppe explains that for Robinson Crusoe, an isolated castaway, "the question concerning rules of orderly human conduct," of social cooperation, "simply not arise," but when "Friday, arrives on the island," Crusoe, for the first time, must

Mussolini became premier in October 1922. With the innumerable arguments about the march on Rome or with the story of the violent, lawless, and outrageous tactics he used to come to power we are not concerned here. That history has

Libertarians have a reputation for denigrating traditional American institutions. They deride the Superbowl as "sportsball," sneer at mass-market entertainment as "bread and circuses." It goes deeper than that. As Mises Institute president Jeff Deist says: While libertarians enthusiastically embrace markets, they have

The great credit expansion Alan Greenspan began thirty years ago has finally run its course. The Fed no longer can expand credit to fight the oncoming recession. Original Article: "The Federal Reserve Now Is between the Proverbial Rock and a Hard

After months of being portrayed as a villain or worse in the mainstream media, Joe Manchin suddenly has become a Democratic Party hero—all because he has declared he will support legislation that he and President Joe Biden claim will “reduce

Coercive covid-19 lockdown measures, vaccine mandates, the transition to green energy, and poorly thought out Western sanctions against Russia have all played significant roles in disrupting global food markets and supply chains. In May 2022, data from the UN Food