Mises Wire

Why Secession Offers a Path to Wealth and Self-Determination

Decentralization and Secession


The empirical data supports the idea that a world of a multitude of states offers more options and more avenues of escape to those who face political oppression.

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Woodrow Wilson's Christmas Grift of 1913

Central BanksCronyism and CorporatismThe FedProgressivism


Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.

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Why the Falling Money Supply Hasn't Yet Created Big Job Losses

Money and Banks


The reason why the economy is not showing significant negative effects from recent drops in the money supply is because the amount of liquidity injected in 2020–21 was so huge that there is a long lag effect as savings are consumed.

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What an Old Coin Collection Tells Us about Money from the Past

InflationMonetary PolicyU.S. EconomyU.S. History


A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending.

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Will Powell's Pivot Bail Out Biden?

The FedPolitics


With a doveish pivot, Jerome Powell is declaring victory over inflation. It would be extraordinarily naive to ignore the influence of next year’s presidential election on the Fed’s new outlook.

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What Would Happen If the US Stopped Supporting Ukraine?

Big GovernmentMedia and CultureWar and Foreign PolicyWorld History


The standard line from US political elites is that failure to aid Ukraine would mean Russia's destruction of what is left of the country. However, the likely result would be a negotiated peace.

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What Would Mises Think? Austria Is Applying (Some) Austrian Economics

Bureaucracy and RegulationWorld HistoryAustrian Economics OverviewPhilosophy and Methodology


While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property.

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What the Technocrats Call "Economic Stability" Is Really Just Inflation

Book ReviewsInflationUnemploymentCapital and Interest Theory


Biden administration cheerleaders such as Paul Krugman claim that inflation is under control and that unemployment is falling. The numbers tell a very different story.

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