Austrian Economics
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The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more

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The Fed Remains On Course – To Trouble
The Federal Reserve (Fed) is widely expected to continue to tighten its monetary policy this year.
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Our Obsession With Survey Data Is Ruining Economics
More and more economists are utilizing data to estimate the magnitude of various effects or to estimate specific parameters in theoretical models.
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Money Supply Growth Falls Again, Dropping To 105-Month Low
Growth in the supply of US dollars fell again in May, this time to a 105-month low of 5.4 percent. The last time the money supply grew at a smaller rate was during September 2008 — at a rate of 5.2 percent.
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Here's The True Definition Of A Recession — It's Not About GDP
Recessions, which are set in motion by a tight monetary stance of the central bank, are about the liquidations of activities that sprang up on the back of the previous loose monetary policies.
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Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.
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EC HH Can Japan End Its Easy-Money Addiction?
The perception in currency markets is that Japan will not be embarking on monetary normalization this year or next, in contrast to Europe where ECB Chief Draghi has hinted that the train (to monetary normalization) will start next year.
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