Mises Wire

The Secret Ronald Reagan Told Me about Gold and Great Nations

Money and Banks

Blog08/19/2021

Fifty years after Nixon closed the gold window, prices are heading toward 1970s-era increases. Yet the Fed cannot increase interest rates as long as the politicians keep creating billions of new debts.

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WaPo Editors: "Liberty" Requires Us to Implement Vaccine Passports

Health

Blog08/19/2021

Governments are seeking to mandate vaccine usage in a variety of ways, even while vaccine producers are shielded from full legal accountability should their treatments cause harm. That should raise some red flags. 

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Paranoia about American Weakness Rests on a Flawed Understanding of History

U.S. HistoryWorld History

Blog08/19/2021

Victor Davis Hanson's cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe. 

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Living in the Age of Covid: "The Power of the Powerless"

Political Theory

Blog08/18/2021

In a “post-totalitarian” period, power does not simply originate from a singular dictator, but rather conscripts the population into its very structure.

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Two Percent Inflation Is a Lot Worse Than You Think

Money and Banks

Blog08/18/2021

Even at a "mere" two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation doesn't much reflect the conclusions of "official" stats.

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Kabul's Collapse and DC's Incurable Arrogance

War and Foreign Policy

Blog08/18/2021

There is no reason to expect the Afghanistan debacle to humble Washington policymakers. Korean War fiascos were swept under the rug, paving the way for the Vietnam War. The cycle didn't end there.

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The Demise of the Gold Standard

Gold Standard

Blog08/17/2021

Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price.

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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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