Mises Wire

The Fed-Enabled Apartment Bubble Is Unraveling

Booms and BustsEconomic PolicyU.S. EconomyBusiness Cycles


Thanks to Federal Reserve intervention, apartments and apartment buildings have turned into giant malinvestments. Once again, a federal entity intervenes in markets presumably to make them work better, but things end in a crisis.

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The Mixed Economy Model Still Disrupts Private Markets

Big GovernmentEconomic PolicyFree MarketsProgressivism


Progressives believe that government intervention in the economy is necessary to promote both efficiency and fairness. In truth, intervention accomplishes neither of them.

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The Path to True Freedom is Systematic Privatization

Decentralization and SecessionLibertarianismPrivate Property


Anarchocapitalism does not fall into the same category as socialism, whose establishment and maintenance require violence. Anarchocapitalism arises spontaneously from the removal of barriers that stand against the natural order of things.

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The First Enemies of Free Markets Were Conservatives, Not Socialists

World History


British conservative critics of industrialization invented new terms like "wage slavery," "factory slavery," and "white slavery." Much of the conservatives' terminology and their arguments would later be adopted by socialists. 

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The Money Supply Continues its Biggest Collapse Since the Great Depression

Money and BanksMoney Supply


The money supply in October fell for the twelfth month in a row, and with the money supply now falling near or below negative 10 percent for the eighth month in a row. But the money supply is still up 32 percent since 2020.

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The Unknown Reasoner

War and Foreign PolicyOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory


Do governments make “rational” decisions involving interaction with other governments? As David Gordon points out, rationality involves individual decision-making, not collective action.

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The Immorality of Protectionism

Taxes and Spending


Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.

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The Fed Is Draining Our Economy Like Farmers Have Drained Their Aquifers

Big GovernmentEconomic PolicyThe FedU.S. Economy


America is draining its economy by federal debt in a way similar to how American farms and cities are emptying the nation's aquifers. We cannot sustain these losses much longer.

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