Mises Wire

Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary People


Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power.

Read More

What Caused the Post–Cold War Stalemate over NATO

War and Foreign Policy


By 1996, it was agreed that “Washington refused to rule out any country,” for NATO membership. Except, of course, Russia. Moreover, a NATO that included Poland was unlikely to invite Russia.

Read More

Will Inflation Turn into Stagflation?

The FedInflationMonetary Policy


The Fed is, effectively, a car driving at night, very fast, with no headlights. That is a real threat, probably to an unprecedented degree.

Read More

With Inflation at a 40-Year High, the Fed Is Too Afraid to Act

Money and Banks


Price inflation has been accelerating upward since April of last year. Yet the Fed has done virtually nothing. What's the Fed waiting for? 

Read More

Woke Capitalism Is a Monopoly Game

Cronyism and CorporatismMedia and Culture


The rise of woke capitalism cannot be sufficiently explained in terms of placating coastal leftists, ingratiating left-liberal legislators, or avoiding the wrath of activists.

Read More

Why Employment Is Not the Key to Economic Growth

U.S. Economy


A reduction in unemployment is not the key factor for economic growth. Rather, it is saving that is instrumental in the expansion and the enhancement of the production structure.

Read More

What the Next American Civil War May Look Like

U.S. History


Many proponents of forced national unity insist the military can "solve" the problem. But with that method, "you're not solving the insurrection. In fact, you're spreading it. You're guaranteeing more of it."

Read More

What Would Mises Have Thought of "Special Economic Zones"?

World History


SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes.

Read More