Mises Wire

The Fed Is Trapped: It Has No Room to Taper or Raise Rates

Money and Banks


Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.

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The Usual Suspects Are Pushing War with Russia

World History


The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.

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The Fed Has No Real Plan, and Will Likely Soon Chicken Out on Rate Hikes


Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.

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The Unseen Consequences of the Interstate Highway System

U.S. History


Today, it’s easy for socialists to point to the Interstate Highway System and exclaim, "Look at what we socialists did to facilitate transportation." They're careful to always ignore the unseen downside.

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The Marxist Myth of the "Treadmill of Production"


The Marxist "treadmill of production" theory holds that markets cannot grow without creating environmental catastrophes. Here's why they're wrong.

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The Municipal Convention Center Racket Is Alive and Well

Taxes and Spending


In Las Vegas, the city's convention center authority has found new ways to blow money on shiny objects like Elon Musk's death-trap tunnels and NFL events.

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The Rise of the New Socialism—and What You Can Do about It



The Great Reset, comes straight from the socialist witch’s kitchen and represents a reissue of well-known socialist ideas in a new guise.

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The Experts' "Zero Covid" Plan Was a Total Failure

U.S. History


The expert class embraced the failed "zero covid" plan early, claiming that covid would be eradicated if only we "lock down harder." This later morphed into "covid will be eradicated with more vaccines."

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