Mises Wire

What They Really Mean When They Say "Do the Right Thing"

U.S. History

Blog09/15/2021

When a politician says "do the right thing," what he means is "do what I say, or else." 

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Can Economic Data Explain the Timing and Causes of Recessions?

Money and Banks

Blog09/15/2021

Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy.

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War Has Declined in the West Because War Isn't "Worth It" for Rich Countries

World History

Blog09/14/2021

Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. 

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The Political Alchemy Called Modern Monetary Theory

Money and Banks

Blog09/14/2021

MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.

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Using the "Natural Interest Rate" In Setting Monetary Policy Is an Impossible Dream

Blog09/13/2021

Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is. 

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The Fed Is Helping Facilitate Trailer Park Evictions

Booms and Busts

Blog09/13/2021

The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. 

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Critical Race Theory Is a Direct Attack on Market Freedom

Philosophy

Blog09/13/2021

Critical race theory is the belief that economic prosperity results from racial oppression, not individual wealth creation. This means CRT's supporters are fundamentally opposed to individual human rights. 

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Biden's Vaccine Mandates: It's about Power

Blog09/11/2021

Biden's vaccine mandates are yet another dangerous frontier in using a perceived or real crisis to justify an immense expansion in state power and control over the population. 

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