Mises Wire

The Libertarian Party at Fifty Years

Anti-PoliticsDemocracyLibertarianismThe Police State

Blog06/13/2022

Economic libertarianism, with its sole focus on government budgets and taxation, is a highly limiting political strategy. Libertarians should proceed as enemies of the state.

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The Five Stages of Totalitarianism

LiberalismSocialismThe Police State

Blog06/11/2022

Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss.

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Market Success Is about Giving People What They Want

Anti-PoliticsThe EntrepreneurProgressivismEntrepreneurship

Blog06/11/2022

Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.

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Thanks, Fed Economists: Inflation Surges Yet Again as Real Wages Drop

Blog06/10/2022

Not since 1981 has the inflation rate been higher than May's rate of 8.6%. Meanwhile, the Fed's idea of "quantitative tightening" is cutting its portfolio 0.5% over eight months. 

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Interest Rates Are Rising, but the Fed Continues to Be Reckless

Booms and BustsThe FedInflation

Blog06/10/2022

The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.

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Are Technology Shocks Responsible for Business Cycles? In a Word, No.

Booms and BustsEconomic Policy

Blog06/10/2022

The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.

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Why Progressives Love Government "Experts"

U.S. History

Blog06/09/2022

Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. 

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The Fair Tax Is the Tax That Will Not Die

Economic PolicyTaxes and Spending

Blog06/09/2022

The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.

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