Mises Wire

The Pentagon and the Generals Wanted This Disastrous War

U.S. History

Blog08/17/2021

It's not just the civilian politicians. For twenty years, the military itself pressed for more war, endlessly claiming that victory was right around the corner. 

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Egypt's Bread Subsidies May Bring Millions to the Brink of Starvation

Global EconomyWorld History

Blog08/17/2021

Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most.  

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Why Rothbard Trended on Twitter This Weekend

Anti-PoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog08/16/2021

On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

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The End of the Sound Economy

Money and Banks

Blog08/16/2021

“We crossed the Rubicon in 2008. We crossed a different Rubicon in 2020. And we're never going back. And so, recessions are not allowed." The money mandarins will do everything they can to prop up asset values. Forever.

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How Nixon and the Rockefellers Teamed Up to Destroy the Dollar

Money and Banks

Blog08/16/2021

In 1971, David Rockefeller favored a “new international monetary system with greater flexibility” and “less reliance on gold.” Seeing an opportunity to expand his own power, Richard Nixon enthusiastically embraced the scheme. 

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How Nixon and FDR Used "Crises" to Destroy the Dollar's Links to Gold

Money and Banks

Blog08/14/2021

In 1971, Nixon used a fiscal crisis to justify severing the dollar's last connection to gold. It was the same old story: "we must vastly expand government power because of a 'crisis.'" The government never gives up these new powers. 

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This Is How Savings and Investment Pave the Way for an Advanced Economy

Money and Banks

Blog08/14/2021

Modern economies produce a seemingly endless supply of goods. But without the "subsistence fund," built on saving and investment, the mountain of goods we take for granted would be impossible. 

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Don’t Be Fooled by the Latest Employment Report

U.S. History

Blog08/13/2021

Rising employment is certainly good news for the economy and living standards, but there is much more to this story that is concerning for the economy.

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