Mises Wire

We Are All Counterfeiters Now

The FedInflationKeynesMonetary Policy


Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring.

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When Military Strategy Ignores Economics: The Sad Story of Rear Admiral Alfred Thayer Mahan

War and Foreign PolicyWorld History


Do military leaders really understand economics and, especially, do they understand the devastating effect war has on peaceful economies? Certainly, not enough of them understand economics.

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Why You Should Fear "Bipartisan" Agreements in Congress

Cronyism and CorporatismPoliticsStrategy


When we see real bipartisan action in Congress, it usually is for the worst.

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Why Madison and Hamilton Were Wrong about Republics

U.S. HistoryWorld History


The authors of the Federalist Papers claimed a strong central government was needed because republics are prone to "anarchy." The Dutch and Swiss examples show they were wrong. 

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Why Ron Paul Is Right

U.S. HistoryWorld History

How has Ron managed to be right so often? He is a brilliant expositor of basic Rothbardian principles about the free market and a noninterventionist foreign policy.

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Will AI Learn to Become a Better Entrepreneur than You?

The EntrepreneurEntrepreneurshipPraxeology


While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing.

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When the Private Sector Is the Enemy

U.S. History


Rest in peace, "technolibertarianism." There was a time when many believed tech entrepreneurs would usher in a new era of freedom. Unfortunately, the new tech elites are technocratic collaborators with the regime.

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Why the 1787 Constitution Did Not Bring Republican Government to America

U.S. History


It's a myth that the "Founding Fathers" made America a republic in 1787. It was the state governments and their constitutions that did this. But the top-down myth glorifying the central government endures. 

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