Mises Wire

Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force.

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.

If the Fed is serious about bringing down price inflation, it's difficult to see how the Fed can do that while also guaranteeing more liquidity to an obviously fragile banking system.

We must fight to ensure that the Iraq War and its supporters are never rehabilitated by historians or pundits. Nor should the war, its lies, and its crimes ever be forgotten.

The elite playbook: blame the people so they fight each other.

Mises had hoped that democracy would lead to free societies after World War II ended. He did not foresee the illiberal turn in the West in the last decade.

The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.

Austrian economics is not dry theory. It helps us make sense of our world and shows that exchange and production have a place in our moral universe.

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.