Mises Wire

Biden's hidden illness, Trump's surprise foreign-policy pivot, and America's bond meltdown. Don't miss the inaugural episode of the Power & Market Podcast, a weekly news recap from the Mises Institute’s editorial team.

Why do cultures degenerate? At the recent Natal Conference, Robin Hanson cites biological and evolutionary factors. However, if one looks to Mises and the Austrians, we look squarely at human action that begins with the human mind and purposeful action.

France is facing critical shortages of a number of drugs, and one need look no further for a cause than a price control regime. Naturally, the French media and government blame capitalism and look to double down on the intervention that has causes this crisis.

The 20th century gave us two world wars that have altered the world's political landscape to this day. We would do well to remember the main lesson from World War I: there is no “honor” in warfare. It is pure murder.

For this week‘s version of Friday Philosophy, Dr. David Gordon reviews Mary Grabar‘s Debunking FDR, which examines Roosevelt‘s paternalistic worldview and how it shaped his political life and his presidency. 

Forbes called this explosive loan situation, a “perfect storm…of heavier debt loads, higher payments, and an unforgiving economy.”

MMT uses chartalism and a few dubious examples to appeal to history to establish the theory‘s authority and validity, only to discard this element as irrelevant and unnecessary.

On Wednesday, the Treasury bonds auction was so weak that 20-year and 30-year yields continued to rise as investors expect a rising wave of mounting federal deficits and debt.

Progressives have repeated the Malthus theme of overpopulation for six decades. However, the real demographic problem facing modern industrial nations has been the dearth of population growth fueled by an inflation culture.

President Trump has made a lot of noise in the business community in the first few months of his administration. Unfortunately, his actions and rhetoric have created a lot of uncertainty in the economy, threatening capital development.