Mises Wire

Why Americans Do Not See a Strong Economy

U.S. Economy


Policies that have never worked are being implemented at an astonishing pace and with enormous levels of money printing and debt, and the government blames anyone except themselves for poor consumer and business confidence. This is not a strong economy. 

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What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much

Big GovernmentCorporate WelfareCronyism and CorporatismWar and Foreign Policy


Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire.

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Why Governments Can Never Be Run "Like a Business"

Big GovernmentDemocracyTaxes and SpendingInterventionism


No state regime is a business and it doesn't have a business model. Real businesses rely on free voluntary exchange with customers. States rely on violence and coercion. 

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What is Money? Who Controls Money?

Big GovernmentThe FedMonetary PolicyU.S. History


While the ruling classes insist that money is whatever the government says it is, historically money has been gold. That has not changed even in the age of debased currency.

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Washington’s Planned Theft of Credit Card Benefits

Bureaucracy and RegulationEconomic PolicyFinancial MarketsMoney and Banks


Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.

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Why You Should Read Human Action—Very Carefully

Philosophy and MethodologyPraxeology


Once in a great while, a book appears that both embodies and dramatically extends centuries of accumulated wisdom in a particular discipline, and, at the same time, radically challenges the intellectual and political consensus of the day. 

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What is a "Fed Pivot," And When Is It Likely to Happen?

The FedMonetary PolicyStrategyU.S. Economy


Markets are preparing for the Federal Reserve to “pivot”; that is, change directions from raising interest rates to cutting them. What does it mean? It means that the Fed’s leadership has learned nothing in the past several years.

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Why Society Doesn't Need the State

AnarchyLiberalismPhilosophy and MethodologyPolitical Theory


Thomas Hill Green, an eighteenth-century English philosopher, didn't believe it was possible to have a good society without a powerful state. David Gordon explains why Green’s argument fails to impress.

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