Mises Wire

Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle

Money and Banks


An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. 

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Self-Interest versus Racial Solidarity

World History


Modern-day race theories—much like the standard racist theories of the past—assume that racial solidarity ought to be the overriding factor in all human behavior. Experience shows this is not at all always the case. 

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State Legislatures Are Finally Limiting Governors' Emergency Powers

U.S. History


The covid-19 lockdowns have unexpectedly brought into clear view the fact governors wield immense power over the daily lives of Americans. Some state legislatures have moved to limit this power. Better late than never. 

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Shays's Rebellion: Catalyst for the Counterrevolution

U.S. History


Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”

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State Preemptions of Local Government Are a Bad Thing. Even When Ron DeSantis Does It.

Decentralization and Secession


Centralizing political power in the hands of the state government only sets the stage for abuses when a new administration takes over. 

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State Issuance of Paper Money in the Early Republic

U.S. History


Most of the economic groups in the 1780s favored inflation: the main problem was in determining which groups would obtain the enjoyment of the newly created money.

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Scam Baiters Take an Active and Entertaining Role in Fighting Cybercrime

Decentralization and SecessionLegal SystemStrategy


US government agencies like the FBI remain incapable of bringing foreign online scammers to justice. Fortunately, in their place, internet “vigilantes” have answered the call to action.

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Stagflation Cometh

Money and Banking


As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

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