Mises Wire

What They Really Mean When They Say "Do the Right Thing"

U.S. History

Blog09/15/2021

When a politician says "do the right thing," what he means is "do what I say, or else." 

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War Has Declined in the West Because War Isn't "Worth It" for Rich Countries

World History

Blog09/14/2021

Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. 

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Why the Fed Is So Desperate to Hide Price Inflation

Blog09/08/2021

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

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What Texas's Unilateral Immigration Policy Tells Us about Washington

Blog09/07/2021

What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.

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We Don't Need a Central Bank to Deal with Changes in the "Demand for Money"

Money and Banks

Blog09/04/2021

Just because the demand for money changes over time doesn't mean we need a money supply that changes over time also. 

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When a Fallacy Isn't Really a Fallacy

Book ReviewsPhilosophy

Blog09/03/2021

Michael Huemer has written outstanding book exposing many of the ways that many people fail to misunderstand logical fallacies in many ideological debates today. 

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Why Does the Fed Say Current Debt Levels Are not Sustainable?

U.S. Economy

Blog08/31/2021

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?

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Why So Many Americans Reject Legal Due Process in the Age of Covid

Property Rights

Blog08/27/2021

This new turn toward obedience to expert-fueled executive power didn’t appear from nowhere. Society has long been moving toward a model of society in which outcomes are more important than the protection of natural rights. 

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