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One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.

Original article: Prices Are Not Measurements of Value

The Federal Reserve says it can manipulate the money supply to ensure “price stability.” This worsens the boom-bust cycles and undermines the economy.

Original article: The Fed’s “Price Stability” Schemes Sow Economic Chaos

Entrepreneurs come from all walks of life and from different social and ethnic groups. Lipton Matthews reviews Jean-Claude Escalante’s From Indentureship to Entrepreneurship, which chronicles the rise of a successful entrepreneur who came from humble beginnings.

Original article: From Indentureship to Entrepreneurship

Modern “antiracist” historians have pursued the myth that the virtuous North engaged in warfare with the South in order to free slaves and end chattel slavery. The historical record, however, tells a much different story.

Original article: North and South in Antiracist Revisionism

The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.

Original article: US Bond Yields Rise as Reserve Currency Status Wanes

From the economy to foreign policy, Ryan McMaken, Tho Bishop, and Zachary Yost take a look at where we're headed in the next year. 

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The World at War by Ralph Raico: Mises.org/RaicoWar

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2024 was a rough year for the Washington establishment as its control over public discourse continued to collapse. While this is an excellent development, the year also previewed the adoption of a new, more fruitful establishment strategy: co-option.

Read the article here: https://mises.org/mises-wire/significance-2024-and-challenges-2025

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