Mises Wire

The US Constitution Needs an Expiration Date

Big GovernmentDecentralization and SecessionStrategy

Blog03/05/2020

The Swiss constitution wisely puts a "date of expiration" on the central government's taxing power every 10-15 years. Voters have to vote "yes" to extend this power. Americans should demand something similar, both for taxes and for much more.

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"Political Anarchy" Is How the West Got Rich

Decentralization and Secession

Blog03/04/2020

Why did Europe go from a poor backwater to an economic and technological powerhouse? A major factor was its lack of any centralized government, and a large number of small competing states.

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The Fed Slashes Rates as Powell Declares Economy "Strong"

The FedFinancial MarketsMonetary Policy

Blog03/03/2020

Today's rate cut of 50 basis points is the largest rate cut since December 2008, in the midst of the aftermath of the financial crisis. But Chairman Powell insists the US economy is "strong."

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Is the Fed Ready for a Recession?

The FedFinancial MarketsMonetary Policy

Blog03/02/2020

By being so dovish for so long, the Fed has greatly limited what it can do in case of recession without resorting to untried and radical solutions like negative rates.

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Mises: To Adopt Keynesian Terminology Is to Legitimize It

InflationLabor and WagesMedia and Culture

Blog02/29/2020

Ludwig von Mises discusses inflation, labor unions, and issues of the adoption of improper terminology and widespread public misinformation at the Mont Pèlerin Society meeting at Princeton, New Jersey, on September 11, 1958.

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Money Supply Growth Climbs to 36-Month High

The FedFinancial MarketsMonetary PolicyMoney Supply

Blog02/28/2020

During January 2020, year-over-year (YOY) growth in the money supply was at 6.32 percent. That's up from December's rate of 5.53 percent, and up from January 2019's rate of 3.38 percent.

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The US's "Free Trade" Isn't Very Free

Protectionism and Free Trade

Blog02/27/2020

Whether we're talking about the Trump years or not, the idea that the United States embraces unconditional free trade at all costs—while being victimized by foreign protectionists—is based on fantasy.

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The EU's Latest Screw-You to the UK Shows a Big Problem with Trade Agreements

Protectionism and Free Trade

Blog02/26/2020

Most "free trade" agreements are really just ways to expand the regulatory state and rob the consumers of the benefits they might have gotten from actual free trade.

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