Mises Wire

My Forty-Year War on Reefer Madness

LawLegal System


Over the past forty years, James Bovard has pointed out many times that in carrying out its war on drugs, the Federal government is the emperor with no clothes. Not that anyone in Washington cares.

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My Long Journey to Rothbardian Sobriety

The FedInflationU.S. EconomyMonetary Theory


Our political and cultural elites have gaslighted us on inflation for years. To learn the truth, read the Austrians.

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Money Supply Growth Falls to Depression-Era Levels for Second Month in April

Money and BanksMoney Supply


With growth now falling near or below negative 10 percent for the second month in a row, money-supply contraction is the largest we've seen since the Great Depression. 

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More Federal Debt Means More Taxes, Less Growth, and Weaker Real Wages

Money and BanksTaxes and Spending


2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.

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Misreading Mill

LibertarianismLiberalismPhilosophyPhilosophy and Methodology


Patrick Deneen writes that the nonaggression principle promotes a liberalism that is harmful to society, as evidenced by John Stuart Mill's idea of the tyranny of public opinion.

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Money-Supply Growth Fell to a 50-Year Low in February. Will the Fed Panic?

Money Supply


With negative growth now dipping below negative 6 percent, money-supply contraction is approaching the biggest declines we've seen in decades.

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Marxists Have a Plan for Housing: Make Sure There Is Less Available

Bureaucracy and RegulationSocialism


As governments create a housing crisis, Marxists call for policies that will make the crisis worse.

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