Top News

Many economists, including Milton Friedman, have believed that since it is impossible to establish “how things really work,” the underlying assumptions of a model are unimportant. Anything goes provided the model can yield good predictions. Friedman wrote: The ultimate goal of

More than forty years ago, California voters enthusiastically passed Proposition 13, which limited property tax hikes. Politicians have been lying about it ever since. Original Article: "Why Proposition 13 and Attacking It Are Both Popular" This Audio Mises Wire is generously sponsored by

Jeff joins Chris Casey of WindRock Wealth Management for a deep analysis of next week's punishing midterm elections.

In last week’s column, I mentioned that regulation of drugs was among the important subjects Andrew Koppelman discusses in his thoughtful book Burning Down the House, and this week I’d like to look at what he has to say on

Government economists "seasonally adjust" data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles. Original Article: "Are Seasonally Adjusted Economic Data Useful?" This Audio Mises Wire is generously sponsored by Christopher

Imagine you are a young, idealistic doctor. After some years in clinical practice at a private hospital you tire of the fact that more of your time is spent filling out forms and attending staff meeting than with your patients.

Price inflation and the resulting business cycles are monetary phenomena, and without increases in the money supply—i.e., monetary inflation—there is no price inflation. If the world were a very simple place, we would see this relationship clearly displayed: when the money

While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime. Original Article: "Honest Money in Dishonest Hands" This Audio Mises Wire is generously sponsored by Christopher Condon. '

Every theory must ultimately meet two tests: one, that of internal consistency, the other that of consistency with reality.—Frank A. Fetter The great economist Ludwig von Mises played a seminal role in bringing about a paradigm shift in monetary economics resulting

Florida's government promotes a "shared adversity" plan in which individuals and organizations have distant environmental problems imposed upon them. Original Article: "Critiquing Florida's Public Policy of "Shared Adversity"" This Audio Mises Wire is generously sponsored by Christopher Condon. '