Mises Wire

The First Enemies of Free Markets Were Conservatives, Not Socialists

World History


British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists. 

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The Money Supply Continues its Biggest Collapse Since the Great Depression

Money and BanksMoney Supply


The money supply in October fell for the twelfth month in a row, and with the money supply now falling near or below negative 10 percent for the eighth month in a row. But the money supply is still up 32 percent since 2020.

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The Unknown Reasoner

War and Foreign PolicyOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory


Do governments make “rational” decisions involving interaction with other governments? As David Gordon points out, rationality involves individual decision-making, not collective action.

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The Immorality of Protectionism

Taxes and Spending


Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.

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The Fed Is Draining Our Economy Like Farmers Have Drained Their Aquifers

Big GovernmentEconomic PolicyThe FedU.S. Economy


America is draining its economy by federal debt in a way similar to how American farms and cities are emptying the nation's aquifers. We cannot sustain these losses much longer.

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Today Is the Best Day of the Year to Rob a Bank

The FedLawMoney and Banks


Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.

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The United States Needs Its Own Javier Milei

AntipoliticsDemocracyEconomic PolicyWar and Foreign Policy


While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.

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The Legacy of Legacy Admissions Is Not What the Critics Claim

EducationMedia and Culture


Critics of college legacy admissions claim that the practice is racist and admits undeserving students. The longer-term results of such admissions show why colleges continue to employ them.

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