Mises Wire

The Burmese Mess Demonstrates the Incoherence of America's Crusades for Democracy

DemocracyWar and Foreign Policy


The Biden administration has threatened to intervene in Burma to defend "democracy" which really just means putting back into power a woman who is known to support ethnic cleansing. But she said nice things about "democracy," so she'll get the US's nod. 

Read More

Title IX Will Become a Vehicle of More Injustice

LawLegal System


President Joe Biden has vowed to put a “quick end” to the Trump administration’s Title IX regulations and return to Obama-era ones at universities. If this happens, there will be no due process for those accused of sexual misconduct.

Read More

The GameStop Saga Unravels Stakeholder Theory

CapitalismCoordinationU.S. EconomyPolitical Theory


Suddenly the champions of stakeholder theory, like the predictably despicable Washington Post, find themselves singing a new tune about vulture capitalists, deciding that hedge fund short sellers are now the good guys.

Read More

There's Nothing Wrong with Short Selling

Cronyism and CorporatismFinancial Markets


Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.

Read More

The GameStop Rebels vs. "Too Big to Fail"

Financial Markets


America has grown accustomed to decades of "too big to fail," which means making sure the Wall Street elite never has to endure any real pain. It's because of this that pundits were quick to claim the GameStop affair was a grave threat to America.

Read More

The Great Reset, Part IV: "Stakeholder Capitalism" vs. "Neoliberalism"

Bureaucracy and RegulationSocialism


If anything, stakeholder capitalism represents a consumptive worm set to burrow into and hollow out corporations from within, to the degree that the ideology and practice find hosts in corporate bodies.

Read More

There Is No "Optimum" Growth Rate for the Money Supply

Money and Banking


Since the present monetary system is fundamentally unstable, there cannot be a "correct" money supply growth rate. The present monetary system emerged because money creation was politically necessary to sustain the fractional reserve banking system. 

Read More

The ECB Is Playing a Dangerous Game with "Collective Action Clauses" on Bonds

Central BanksFinancial MarketsGlobal Economy


The ECB is now turning to a new mechanism by which a bond’s value can be legally reduced by the issuer in times of hardship. The purpose is to allow central banks and governments new ways of ripping off the private sector. 

Read More
Shield icon wire