Mises Wire

The New Constitution: The Ratification and Amendment Process

U.S. History


The founders of the new constitution proposed a cynical end run around state legislatures in order to improve the odds of ratification.  The "founding fathers" increasingly abandoned established law, justifying it with claims of a "national emergency."

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The Real Estate Boom in Vegas Is More Frenzied Than Ever

U.S. Economy


In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions. 

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These European Countries Beat Poverty and Increased Wealth with Low Taxes and Low Regulation

Global Economy


Social democrats love to denounce low-tax, probusiness regimes as "neoliberal" and as places with more poverty. But the reality is that parts of Europe that embraced markets most reduced poverty while making their citizens richer. 

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The US Government Is On Track to Top Last Year's Record-Breaking Deficits

Taxes and Spending


The deficit for the year is pushing $2 trillion. And we still have five months to go until the end of the fiscal year. Only during World War II were the deficits so huge in relation to GDP. Meanwhile, the Fed continues to print money to buy more Federal debt.

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There's No Reprieve in Sight from the "Monetary Repression Tax"

Money and Banking


There is nothing new in a fiat-money central bank imposing an effective tax on the public’s holdings of government debt by manipulating interest rates. But few thought it could go on this long. 

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The Dystopian Future in Which Almost No One Owns a Car

Bureaucracy and Regulation


Some advocates of self-driving cars argue that their adoption would mean that very few people would actually own a vehicle anymore. We'd all just rent rides on self-driving Uber cars. This would be a dream come true for advocates of lockdowns and stay-at-home orders. 

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The Media Wants You to Trust Washington Again Now That Trump Is Gone

Media and Culture


Perhaps reporter Michelle Kosinski is unaware that the Trump-era secrecy she denounced flourished mightily thanks to the beloved Obama administration. Kosinski’s mindset also helps explain why Americans' trust in the media has collapsed.

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The Corrupt Bargain and the Preservation of Slavery


Slavery was driven into the heart of the new constitution: in the three-fifths clause, in the protection of slave importation for twenty years, in the fugitive slave clause, and even in the congressional power to suppress insurrections within the states.

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