Mises Wire

We’re in the Middle of a Long War with the State

Decentralization and SecessionPolitical Theory


Often, when the “smash the state” position is invoked—especially among those less familiar with the state as an institution—further investigation reveals a dangerous lack of precision about what exactly the state is.

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Why Friedman Was Wrong about Booms and Busts


Central banks are in a loop of repeatedly intervening to "fix" the problems caused by earlier central-bank interventions. The result will only  be recurring busts.

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Why Progressives Will Never Accept Market-Based Medical Care



Even during their most bloody and repressive years, progressives praised Mao's China, Cuba, and the USSR, because they offered "free" healthcare. Progressives are simply uninterested in any argument in favor of private healthcare. 

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We Can Have Low Interest Rates Or Robust Growth. But Not Both.

Money and Banks


You can have strong growth, or you can have negative interest rates with low bond yields. You can't have all at the same time. 

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Why Are Thieves Stealing So Many Catalytic Converters?

Global EconomyU.S. Economy


US car owners are being preyed upon by thieves, because South African mine owners are being preyed upon by their government. 

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What Is the Purpose of the Economy? Carl Menger Explains.

Value and Exchange


The goal of the human economy is to gain greater control over the means of satisfying human needs. We start with the most immediate needs, but thanks to saving and investment, we can move onward and upward from there. 

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Will the Feds Try Price Controls to "Fix" Price Inflation?

Booms and Busts


We may be told price controls are a temporary necessity, as in 1971 under Nixon. But one thing is certain: price controls will do nothing to resolve the issues underlying the inflation.

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Why Europe's Highly Regulated Power Market Is So Bad for Growth

Global Economy


In Europe, there is no competitive market for electrical power. And since power is an important factor of production, it also means the overall marketplace is wasteful, inefficient, and sluggish. 

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