Mises Wire

Private Defense in the History of Genoa

Decentralization and SecessionWorld History

Blog07/04/2020

The Republic of Genoa provides an example of a how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.

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The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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The Constitution Failed

U.S. HistoryPhilosophy and MethodologyPolitical Theory

Blog07/03/2020

The constitution is a dead letter. The only way to save its ideals is to rebuild the ideology behind it — laissez faire liberalism — from the ground up.

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Nozick and the Minimal State

Blog07/03/2020

Nozick tries and fails to show how a minimal state might justifiably arise from Rothbardian anarchy.

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The Problem with Measuring "Consumer Sentiment"

Other Schools of ThoughtPhilosophy and Methodology

Blog07/03/2020

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

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How Historians Changed the Meaning of "Liberalism"

Political Theory

Blog07/02/2020

Liberalism was the most popular and influential ideology during the nineteenth and early twentieth century. So, every new socialist and authoritarian movement defined itself as "liberal" to capitalize on liberalism's popularity and importance.

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Collecting Old Coins Taught Me to Never Trust the Government

Monetary PolicyU.S. History

Blog07/02/2020

Old coins vaccinated me against trusting politicians long before I grew my first scruffy beard. I began collecting coins when I was eight years old in 1965, the year President Lyndon Johnson began removing all the silver from American coins.

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The Disastrous Legacy of Woodrow Wilson

ProgressivismMedia and CultureU.S. History

Blog07/02/2020

Woodrow Wilson was an especially devoted white supremacist, even by the standard of his day. The Left is finally targeting Wilson for this, but Wilson's legacy is far worse than even the Left will admit.

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