Mises Wire

How the "Respectable" Media Serves the Political Elite

Media and CultureU.S. History


"American media are divided into “respectable” and “non-respectable” media. Respectable media, which are the only ones that are read by the American political elite, and presumably are all that filters down to European readers, are completely biased in favor of social democracy." — Murray...

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How the West Adopted China-Style Lockdowns


In the face of an “invisible enemy,” many Western nations have implemented emergency measures that were once considered dystopian and wholly incompatible with liberal democracy. 

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How to Cheat with Cost-Benefit Analysis: Double Count the Benefits


Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis. 

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How America Abandoned Decentralization and Embraced the State

Decentralization and Secession


Political decentralization in modern times has shown itself to be the most potent intellectual restraint on the growth of Leviathan. The Constitution is not enough.

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How to Use Democracy To Deny Human Rights

World History


A case study from Mauritius shows how democratic institutions are used to prevent true independence for oppressed classes and minorities under the guise of "representation" and "equality." 

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Happy Hour May Be Getting a Little Happier

U.S. History


Ten states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit. 

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How the Fed Is Enabling Congress's Trillion-Dollar Deficits


While it is easy to think the Fed bases its policies primarily on economic science, it’s more likely that what actually concerns the Fed in 2021 is keeping interest rates low to facilitate huge amounts of deficit spending. 

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How Nixon and the Rockefellers Teamed Up to Destroy the Dollar

Money and Banks


In 1971, David Rockefeller favored a “new international monetary system with greater flexibility” and “less reliance on gold.” Seeing an opportunity to expand his own power, Richard Nixon enthusiastically embraced the scheme. 

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