Mises Wire

The Dollar's Reserve Currency Status Won't Last Forever

Central BanksGold StandardMoney and Banking

Blog52 min ago

Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago. 

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The FDA Botched Covid Testing in 2020. Nothing Has Changed Since Then.

Bureaucracy and RegulationHealth

Blog01/25/2021

FDA regulation of testing is premised on the idea that FDA employees are experts at everything they are regulating. This is a very bad assumption. 

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The Myths behind the "Capitalism Is Racist" Claim

U.S. HistoryWorld History

Blog01/21/2021

Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is "inherently" racist. 

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Time Preference, Interest Rates, and Stagflation

Money and Banks

Blog01/20/2021

As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result. 

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The Unwelcome Return of the Real Purveyors of Violence

War and Foreign Policy

Blog01/20/2021

It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations. 

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The Upside of Lockdowns: More Saving

Money and BanksOther Schools of ThoughtProduction Theory

Blog01/14/2021

Rothbard: "At the outset of every step forward on the road to a more plentiful existence is saving….Without saving and capital accumulation there could not be any striving toward nonmaterial ends."

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There Is No Such Thing as Treason

U.S. History

Blog01/13/2021

Some of the Capitol rioters are apparently guilty of real crimes like assault. Or even attempted murder. But none are guilty of the made-up, imaginary "crime" that is "treason."

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The "War On Terror" Comes Home

Cronyism and Corporatism

Blog01/12/2021

It is partly an attempt to erase the Trump movement from the pages of history, but it is also an attempt to silence criticism of the emerging political consensus in the coming Biden era that may come from progressive or antiwar circles.

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