Mises Wire

The Dystopian Bubble: George Orwell Meets Charles Mackay

Cronyism and CorporatismMedia and CultureU.S. History


The opening pages of the new decade feel like we’re living through a combination of George Orwell’s 1984 and Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds.

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The New Right Is All about the Left

Book Reviews


The clear religious nature of progressivism that emerges is clear. The Left has found that racism is the default setting of man, and a person “is able to escape that fallen state” only through their leftish repentance.

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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. 

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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.

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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.

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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.

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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.

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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.

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