Mises Wire

The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

Booms and BustsEconomic PolicyMonetary PolicyBusiness Cycles


While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.

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Ten Years Ago, I Discovered the Mises Institute. These Are the Things I Wish I Had Done Differently

EducationMedia and CulturePhilosophy


Ten years ago, I discovered the Mises Institute. This is the advice I wish I could send back to my younger self.

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The Eurozone Disaster: Between Stagnation and Stagflation

Money and Banks


The problem of the eurozone is not China, rate hikes, or the Ukraine war. The curse of the eurozone is central planning. Subsidizing obsolete sectors and zombie firms, bloated government spending, and high taxes.

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These Four Things Are Keys To Building the Wealth of Nations

CapitalismEconomic FreedomGlobal EconomyWorld History


Humanity progressed very slowly from the fall of the Roman Empire to almost the nineteenth century. Then came the Industrial Revolution, which changed everything.

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The Fed Has No Plan, and Is Just Hoping for the Best

Money and Banks


Contrary to the longstanding myth of Fed independence and political neutrality,  the Fed is a deeply political organization committed to kicking the can down the road to get the regime through just one more election without a fiscal or monetary disaster. 

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Time Preference Is the Key Driver of Interest Rates

Capital and Interest TheoryOther Schools of ThoughtPhilosophy and Methodology


Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place.

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The "Climate Emergency": Fueled by 21st Century Marxism

Big GovernmentThe EnvironmentMedia and CultureWorld History

The eternal “climate emergency” is upon us. While doomsday is said to be around the corner, the reality is that the only thing rising is the level of government control.

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There's No Easy Way Out of This Debt Spiral

Money and BanksTaxes and Spending


The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low. 

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