Mises Wire

Do Austrians "Hate Math"?

Booms and Busts


Quantitative methods are indeed useful and enlightening in the fields of economic history and descriptive economics. For Mises, however, these fields do not fall within the field of economics, narrowly understood. 

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Does Bitcoin Use "Too Much" Electricity?

Bureaucracy and Regulation


Elizabeth Warren has decided that bitcoin mining uses "too much" electricity. This raises an important question: Is Senator Warren qualified to decide on the "correct" amount of electricity usage? 

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Due Process on Campus Keeps Justice on the Streets

LawLegal System


The reality in colleges today becomes reality on the streets tomorrow. The privileged treatment of women under Title IX has had profound implications for campus sexual misconduct hearings that threaten due process for all.

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Decentralization, Absolutism, and the Papal States

Book Reviews


The Papal States offer a helpful case study in understanding the transformation of Europe in the nineteenth century. Unfortunately, Kertzer's study on the topic is couched in faulty notions of enlightenment and medievalism. 

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Decentralization Is a Step toward Self-Determination

Decentralization and Secession


Ludwig von Mises understood that locally based governance "follows necessarily from the principle of the rights of man.” And it's why Rothbard supported secession and local governance right down to the most local level possible. 

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Debunking Piketty and the Left's Celebrity Economists

World History


If you were to browse the economics sections of bookstores here in my home city, Dublin, you would find a wide variety of books by anticapitalist celebrity economists. Books by free market economists? Not so much. 

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Digital Currencies Are Changing the Money Landscape

Money and Banks


From the dollar to bitcoin to Facebook's Diem, private monies and quasi monies are making the monetary landscape a lot more complicated. 

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Double Standards, Reparations, and War Crimes

Book ReviewsLawWorld History


The Nuremberg prosecutors wanted to indict the Nazis on trial for crimes, but at the same time they wanted to preserve the dogma that the modern European nation-state is the culmination of moral progress. This created a conundrum. 

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