Mises Wire

Evergrande Isn't China's "Lehman Moment." It Could Be Worse than That.

Money and Banks

Blog22 min ago

The problem with China is that the entire economy is a huge indebted model that needs almost ten units of debt to generate one unit of GDP, three times more than a decade ago.

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My Time with the FBI

U.S. History

Blog37 min ago

The FBI’s power and federal legitimacy are far more tenuous than Washington recognizes. Beyond the nation’s big cities, federal authority hinges largely on the consent of local citizens.

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A Global Fiat Currency: "One Ring to Rule Them All"

Money and Banks

Blog09/24/2021

The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous. 

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Austrian Economics and Scientific Realism

Philosophy and Methodology

Blog09/24/2021

Human action does not operate under fixed causal laws, and according to philosopher Uskala Mäki, “The absence of [these laws] has been forcefully underlined by several Austrian economists.” 

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The Public Health Officials Say "Trust Us." The Data Says Otherwise.

Big GovernmentHealth

Blog09/24/2021

Despite all the data we have on lockdowns, hospitalization trends, and newly emerging vaccination data, one can only marvel at how trust in the public health system and ruling elite can persist in any capacity.

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Too Much Inflation? Just Raise the Inflation Target!

Money and Banks

Blog09/23/2021

The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.

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Is an Educated Population Really Necessary for Innovation and Growth?

Education

Blog09/23/2021

The example of England in the Industrial Revolution suggests enormous amounts of innovation and growth can be achieved even without high levels of education among the general population. 

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Should War Be Made "Humane"?

War and Foreign Policy

Blog09/23/2021

Moyn fears that "humane warfare" along with programs of global surveillance, would subject the world to hegemonic control by one or a few dominant superpowers.

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