Mises Wire

Defending the Undefendable Investments

Economic FreedomThe EntrepreneurMedia and CultureProtectionism and Free Trade


In the spirit of Walter Block's classic Defending the Undefendable, Kevin Duffy looks at the "undefendable" investments and economic choices and finds them profitable.

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Dollarization in Argentina Will Not Promote Freedom

Central BanksDemocracyStrategyTaxes and SpendingWorld History


While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations.

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Decentralization Is Not Fascism

Economic FreedomProgressivismSocialismPolitical Theory


Marxists and leftist progressives have falsely tried to label anything associated with capitalism and free markets as "fascism." The same goes for political decentralization.

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Does Technical Knowledge Always Lead to Economic Growth?

CapitalismCapital and Interest Theory


Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.

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Dollar Hegemony Is Ending Due to Geopolitical Changes

EuropeInflationMonetary PolicyU.S. EconomyU.S. HistoryWar and Foreign PolicyWorld History


Since the end of World War II, the US dollar has been the world's reserve currency. That status may well change because US monetary authorities insist on inflating the dollar into oblivion.

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Do Monopolies Cause Inflation?

Economic PolicyInflationEntrepreneurshipMonopoly and Competition


Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

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Declaring Independence from the Parasite Caste

Big GovernmentDemocracyU.S. History


As Americans prepare to celebrate the Fourth of July, they would do well to remember that those who fought for independence would not support the Leviathan state that the USA has become.

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Daniel Ellsberg Was Right. So Are Assange and Snowden.


Today's pundits have created the myth that Ellsberg was a "good" leaker and Assange et al. are "bad" leakers. It's a myth designed to portray modern-day heroic whistleblowers as "traitors." 

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