Mises Wire

To Fight Russia, Europe's Regimes Risk Impoverishment and Recession for Europe

Global Economy


Politicians have become accustomed to conjuring whatever they want through the “miracle” of printing money. But in the real world, it’s still necessary to produce oil and gas through actual physical production. 

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The Ukraine War Shows Nukes Mean Safety from US-Led Regime Change


The US has sworn off regime change in Russia. The lesson here is obvious for regimes that don’t wish to be in the US’s sphere of influence: get nuclear weapons as soon as you can.

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The Fed Can't Fix the Economy, but It Can Break It

Booms and BustsCentral BanksThe FedInflationBusiness Cycles


Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.

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The Wrong Elites

Media and CulturePhilosophyProgressivismStrategyPolitical Theory


Russian oligarchs, American pols, and state-connected billionaires are all cut from the same cloth: they didn't earn, or fully earn, their wealth and position in society. We must withdraw our sanction of these people.

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The "Rules-Based International Order" Is Dead. Washington Killed It.

War and Foreign Policy


From globalization to sanctions, to international institutions like the UN, the US is leading a small global fragment that's little more than NATO and a handful of friends. Meanwhile, two-thirds of the global economy isn't signing on.

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The State: It’s Oligarchs All the Way Down

World History


Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.

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The Fed Cannot Undo the Damage It Has Already Caused

Booms and BustsCentral BanksBusiness Cycles


The Fed's unprecedented monetary expansion has created damage that it cannot undo by switching directions.

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The Return of the Austrians

Money and BanksU.S. Economy


In contrast to the Keynesians and Friedmanites, Rothbard showed how Austrian economists can understand the stagflation phenomenon through price theory and capital theory. Interest rates must be raised in order to flush out malinvestments.

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