Mises Wire

Peace through Strength? Excessive US Military Spending Encourages More War

Big GovernmentWar and Foreign Policy

Blog6 hours ago

American politicians claim that excessive military spending makes Americans "safe." The record shows otherwise.

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Proliferation Isn't the Problem. Legacy Nuclear Powers Again Threaten the Globe.

War and Foreign Policy

Blog05/03/2022

Here we are in 2022, worrying about if the world's oldest nuclear powers will be the ones to touch off a global nuclear war. It's not Pakistan or North Korea or "proliferation." It's Washington and Moscow, yet again. 

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Price Indexes Aren't Accurate Measures of Inflation

Central BanksThe FedInflationPrices

Blog05/03/2022

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

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Political Upheaval Is Not Threatening “Our Democracy.” Our Democracy Is.

Democracy

Blog04/14/2022

The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.

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Putnam on Objective Ethics in Economics

Economic FreedomLiberalismSubjectivism

Blog04/08/2022

While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.

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Putin's Inflation? Homegrown Modern Monetary Theory Is to Blame

Central BanksThe FedMacroeconomicsMonetary Theory

Blog04/04/2022

Advocates of modern monetary theory promise a cornucopia of goods and jobs if only the government has the "courage" to print money at will. Sound economic analysis, however, exposes MMT as fraudulent.

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Patents, Legal Monopolies, and the High Prices for Drugs

Bureaucracy and RegulationPrice ControlsPrices

Blog03/17/2022

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

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