Mises Wire

The Market Economy Has Been Replaced by a "Fiat Economy"

Corporate WelfareMonetary PolicySocialism

Blog07/06/2020

We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't something we could call a market economy.

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Europe's Bailouts Risk a Full-Blown Financial Crisis

Global EconomyMoney and Banks

Blog07/06/2020

Euro governments are planning to use the banking system for widespread bailouts in the wake of the COVID-19 shutdowns. This could bring about a new financial crisis.

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Private Defense in the History of Genoa

Decentralization and SecessionWorld History

Blog07/04/2020

The Republic of Genoa provides an example of how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.

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The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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The Constitution Failed

U.S. HistoryPhilosophy and MethodologyPolitical Theory

Blog07/03/2020

The Constitution is a dead letter. The only way to save its ideals is to rebuild the ideology behind it—laissez-faire liberalism—from the ground up.

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Nozick and the Minimal State

Blog07/03/2020

Nozick tries and fails to show how a minimal state might justifiably arise from Rothbardian anarchy.

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The Problem with Measuring "Consumer Sentiment"

Other Schools of ThoughtPhilosophy and Methodology

Blog07/03/2020

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

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How Historians Changed the Meaning of "Liberalism"

Political Theory

Blog07/02/2020

Liberalism was the most popular and influential ideology during the nineteenth and early twentieth century. So, every new socialist and authoritarian movement defined itself as "liberal" to capitalize on liberalism's popularity and importance.

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