Mises Wire

The DEA: A Good Place to Cut the Federal Budget

Legal SystemU.S. HistoryPolitical Theory

In the real world, repeated failure usually results in budget cuts. But that's not how things work with government agencies like the DEA.
Read More

There Are Two Types of Credit — One of Them Leads to Booms and Busts

Booms and BustsBusiness Cycles


Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

Read More

The Gold Standard versus Fiat Money

Gold Standard

Recorded at Mises University 2016.
Read More

The Good Ol' Days: When Tax Rates Were 90 Percent

Big GovernmentTaxes and SpendingU.S. History

11/24/2015Mises Wire
Bernie Sanders and other advocates for more taxes like to note that income tax rates hit 90 percent in the 1950s. What they leave out is that few ever paid such rates and total tax revenues were about the same then as today.
Read More

The Fed Desperately Tries to Maintain the Status Quo

The FedMoney and BanksU.S. EconomyMoney and Banking

11/04/2015Mises Wire
Given the current state of the economy, the Fed appears quite unlikely to raise interest rates any time soon. But what will it do if the economy starts to really go south?
Read More

Today's War Against Deflation Will Make Us Poorer

Booms and BustsThe FedMoney and Banking

10/29/2015Mises Wire
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors.
Read More

The Military Gravy Train: Full Speed Ahead

Taxes and SpendingU.S. HistoryWar and Foreign Policy

09/28/2015Mises Wire
With a Congress enamored of military spending and elective wars, there's no end in sight for the tax and spend policies that ensure bigger and more lavish treats and amenities for government contractors and military agencies alike.
Read More
Shield icon wire