Mises Wire

Preserving Capital through Bankruptcy

Booms and Busts

Blog09/01/2021

While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."

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Central Banks Can't Taper in This Slowdown

Global Economy

Blog09/01/2021

Central banks are faced with the devil’s alternative created by their own policy. Either let inflation run and create a stagflation problem or scare the markets by tapering. 

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China’s Military Strength Has Been Greatly Exaggerated

Blog09/01/2021

China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony.

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

Blog08/31/2021

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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Why Does the Fed Say Current Debt Levels Are not Sustainable?

U.S. Economy

Blog08/31/2021

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?

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An End to the Bizarre CDC Rent Moratorium

Big GovernmentPrice ControlsPolitical TheoryPrivate Property

Blog08/30/2021

Many landlords just received a crash course about how irrelevant their property rights are in Washington.

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How to Use Democracy To Deny Human Rights

World History

Blog08/30/2021

A case study from Mauritius shows how democratic institutions are used to prevent true independence for oppressed classes and minorities under the guise of "representation" and "equality." 

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Some Conservatives Still Pine for the Good Ol' Days of Cannabis Prohibition

Legal System

Blog08/30/2021

The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes.

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