Mises Wire

Misunderstanding Both Lincoln and Basic Economics

Cronyism and CorporatismDecentralization and SecessionEconomic PolicyU.S. History


Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.

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Massive Money Printing Will Accelerate as Debt Soars

U.S. Economy


2023 proved that central banks’ policy was restrictive in name only. Policy was restrictive only for the private sector, especially small and medium enterprises, and families. Policy was not for governments.

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Money-Supply Growth Has Stabilized as Stealth Liquidity Keeps Bubbles on Life Support


Year over year, the drop in money supply remains at Great Depression levels. Over the past six months, though, the total money supply has flattened, suggesting the liquidity is far more plentiful than the inflation doves would have us believe.

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Mises and Popper on Action

PhilosophyPhilosophy and MethodologyPraxeology


While Ludwig von Mises and Karl Popper disagreed on methodology, but Brian Gladish believes that perhaps their viewpoints were not as divergent as their followers suggest.

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Mises Explains the Santa Claus Principle

Taxes and SpendingInterventionism


The regime would have you believe there is an inexhaustible fund somewhere which we can live off of indefinitely, and which can be squeezed forever. This attitude leads only to inflation, impoverishment, and a decline in the standard of living. 

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Modern Portfolio Theory Is Mistaken: Diversification Is Not Investment

Booms and BustsEconomic PolicyFinancial MarketsU.S. Economy


While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments.

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Markets versus State Healthcare Systems: Some Points of Contention

Free MarketsHealthSocialism


Progressives claim that state-sponsored healthcare systems are superior to market-based systems. Their arguments don’t add up.

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Millions and Billions and Trillions—Oh My!

Big GovernmentEconomic PolicyMacroeconomicsMedia and Culture


In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.

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