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With the stock market at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most people can envision right now is a major recession—particularly one that will be the worst since the Great Depression

While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital." Original Article: "Preserving Capital through Bankruptcy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by

Because my economics courses focus on public policy, I often deal with benefit-cost analyses (BCA) in them. While little discussed, the central idea is simply to identify and include all the relevant benefits and costs of a decision, do our

Governments are seeking to mandate vaccine usage in a variety of ways, even while vaccine producers are shielded from full legal accountability should their treatments cause harm. That should raise some red flags. Original Article: "WaPo Editors: "Liberty" Requires Us to

Paul Krugman seems to have a very unhealthy obsession with Austrian economics and especially the school’s theory of the business cycle. More than two decades ago, he attacked it (wrongly calling it a “Hangover Theory” and trying to make a

Speaking at the Jackson Hole meeting on August 27, 2021, Federal Reserve (Fed) chairman Jerome J. Powell indicated that he supported “tapering” toward the end of this year and hastened to add that interest rate hikes are still a long way

  After the Apocalypse: America’s Role in a World TransformedBy Andrew BacevichMetropolitan Books, 2021Xiv + 206 pages Andrew Bacevich, a history professor at Boston University for twenty-three years, has written an excellent book on American foreign policy, but it is embedded within

Jeff Deist: You recently completed a series of articles for the Mises Institute, which we will publish in book form, on how money works today. Why is it important for average people to understand the mechanics of the plumbing of

Life in American changed twenty years ago after the 9/11 attacks. Many Americans became enraged at anyone who did not swear allegiance to Bush’s antiterrorism crusade. Original Article: "Remember When Conservatives "Canceled" Anyone against the War on Terror? I Do." This Audio

Economy, Society, and Historyby Hans-Hermann HoppeMises Institute, 2021191 pp. In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of