Mises Wire

The Central Bank Policy Interest Rate vs the Natural Rate

Central BanksEconomic PolicyThe FedFree Markets


While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.

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The Oil-Price Shock Is a Direct Consequence of Interventionism.

The Environment


This is the first time in human history that the energy transition has been decided by politicians without allowing technology, competition, or human ingenuity to come up with a better, more flexible, and more economical alternative.

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Threats Against the State: Anarcho-Tyranny, Murder, and Legitimacy

Legal SystemMedia and CultureThe Police State


In the recent killing of an elderly Utah man by federal agents, the government shows it will come down hardest on those who don't pose realistic threats.

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The Eurozone: An Example of Failed Keynesianism

Money and Banks


We should not be surprised that credit in the eurozone is falling along with monetary aggregates. The entire burden of monetary normalization is falling on the productive sector, families, and businesses, while many governments continue to increase deficit spending.

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The Censorship Industrial Complex Exposes the Kleptocracy's True Intentions

Cronyism and CorporatismMedia and CultureThe Police State


Censoring and shutting down speech on the Internet is not a random thing. The people doing it are highly organized and almost always tied to ruling elites.

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Three Reasons Why Military Recruitment Is in Crisis

Taxes and SpendingWar and Foreign Policy


It's easy to see why many young people don't find military service especially enticing. The US military lost in Iraq and Afghanistan, and the usual regime propaganda may not be working anymore. But we'll only know the full extent of the "problem" once unemployment starts to go up. 

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The Austrian School's Deductive Approach: A Beacon for Economic Understanding

Business CyclesOther Schools of ThoughtPhilosophy and Methodology


Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.

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Ten Great Economic Myths

Big GovernmentAustrian Economics Overview


Our country is beset by a large number of economic myths that lead us to accept unsound and dangerous government policies.

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