Mises Wire

Hubris Runs Rampant at the Fed

The FedFinancial MarketsMoney and BanksU.S. Economy


In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.

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Human Rights and the Public Good

DemocracyEconomic FreedomProperty RightsPrivate Property


Progressive elites tell us we will own nothing and will be happy. They forget that fundamental human rights are linked to property rights.

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How the US Regime Subsidizes Immigration—both Legal and Illegal

U.S. EconomyU.S. History


Governments in the US subsidize immigration through a bevy of welfare programs. The effect of subsidization is predictable: you get more of what you subsidize. This is true for student loans, ethanol, immigrants, and more.

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How Governor Whitmer Doomed Detroit Autoworkers

Bureaucracy and RegulationCorporate WelfareCronyism and CorporatismUnemployment


In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

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How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologyProduction Theory


When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

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Human Action Conference 2024


Join us in Auburn in 2024 for an event celebrating 75 years of Human Action.

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How to Free Ourselves from Government Money (Part III)

Money and Banks


Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and the market.

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History versus Economics: Explaining the Causes of the Great Depression

Booms and BustsMedia and CultureUnemploymentU.S. History

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.

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