Mises Wire

The Fed Prepares for a Bank Crisis While Telling Americans the Economy is Strong

Fed WatchMonetary PolicyMoney and BanksPolitics


No, Paul Krugman, the economy is not strong. The Fed and its supporters are in the "move along, there's nothing to see" mode when it comes to our troubled banking system.

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The War on Producers and Entrepreneurs Is Based on False Notions of Profits

CapitalismLabor and WagesOther Schools of ThoughtPhilosophy and Methodology


Since Adam Smith, economic thinkers have failed to understand that profits in a market economy are not extractions of wealth from laborers. In truth, profits lead to higher wages and higher living standards for those workers.

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The Decisive Driving Force to Victory for Javier Milei



Javier Milei has begun his presidency by taking action against much of Argentina’s vast welfare state. One hopes it is the beginning to a successful term in office.

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The Government Is Making the Economy Appear Better than It Is

Booms and BustsEconomic PolicyUnemploymentU.S. Economy


By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

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Taking Money Back (Part I)

Money and Banks


The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency. To understand this truth, we must examine the nature of government and of the creation of money.

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The Oregon Problem: It’s Not Drugs! It’s the Socialistic Political Culture

LibertarianismMedia and CulturePoliticsSocialism


As Oregon struggles with the aftermath of drug legalization, some are calling for new criminalization of drugs. The problem, however, isn’t the drugs but rather the socialistic mindset of people in Oregon who refuse to protect property from drug users.

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The December Jobs Report Is Mostly Bad News

U.S. History


 The job market is still hanging on—but not nearly as well as the headline numbers and media pundits would have you believe. 

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Time Is Running Out for Construction Loans

Booms and BustsFinancial MarketsMoney and BanksU.S. Economy


For a long time, banks have sought to keep construction loans “on the books” to collect more interest payments. With a recession looming, these long loans are likely to become delinquent.

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