Mises Wire

Rothbard: With Interest Rates, "There Are Two, Opposite Causal Chains at Work."


The relative strength and reaction times of changes in rates depend on the subjective expectations of the public. These changes—like economic changes in general—cannot be forecast with certainty. 

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Review: Economy, Society, and History

Book Reviews


In 2004, Hans Hoppe delivered a series of lectures at the Mises Institute about his theory of social evolution, and we are fortunate to have this volume, based on a transcript of those lectures, now available. 

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Rebutting Paul Krugman on the "Austrian" Pandemic

Monetary PolicyOther Schools of Thought


Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

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Remember When Conservatives "Canceled" Anyone against the War on Terror? I Do.


Life in American changed twenty years ago after the 9/11 attacks. Many Americans became enraged at anyone who did not swear allegiance to Bush’s antiterrorism crusade. 

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Review: Chaining Down Leviathan: The American Dream of Self-Government, 1776–1865


Bassani's book reveals that the drive for decentralized government was far from being a reactionary, postratification political strategy. It was the very cornerstone of the American political system.

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Review: Stalin’s War: A New History of World War II

Book Reviews


Stalin’s War is a magnificent book and everyone interested in the causes and consequences of World War II—and what reasonable person could not be?—should read it.

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Revitalizing a Town Takes a Lot More than Fixing Up a Few Buildings for a TV Show

Media and CultureCalculation and Knowledge


Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show.

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Recession and Recovery: W.H. Hutt’s View

Booms and Busts


What happens during a depression? Should we expect it to end, or can an economy remain stuck at the bottom?

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