Mises Wire

The Western Ruling Elite: Its Development and Its Betrayal

Cronyism and CorporatismMedia and CultureProgressivismSocialism


Davos has made it clear that Western elites do not lead naturally but rather want to impose a way of life that the rest of us don't wish to live by.

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The Federal Mega-Debt is Here to Stay

Big GovernmentEconomic PolicyThe FedTaxes and Spending


Paying off the debt obviously won't happen, and the feds won't even contemplate anything that keeps the debt from getting bigger. They'll just try to inflate the debt away, so get ready for price inflation. 

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There Is Successful Governance Outside of State Power

AntipoliticsDecentralization and SecessionPlanningPrivate Property


"Government" and "state" are terms typically used synonymously these days. But good governance and good law do not require the presence of the state and its monopoly power. 

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The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve

Bureaucracy and RegulationPoliticsSocialismWar and Foreign Policy


While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state.

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The Fed Claims the Banking System is "Sound and Resilient." The Banks' Balance Sheets Say Otherwise

The FedMonetary PolicyU.S. EconomyMoney and Banking


In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.

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The Dangerous Consequences of the German Historical School

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory


While the German HIstorical School might not have the intellectual influence it once did, its doctrines caused enough damage to alter the direction of world history. And not in a good way.

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The Double-Edged Sword of School Choice

Big GovernmentBureaucracy and RegulationEducationTaxes and Spending


School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control.

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The United States Is a Colonial Empire, and an Extremely Successful One

World History


What is different about the US's empire is that it has been fabulously successful. It is so successful, in fact, that the territories that used to be obvious colonies have ceased to have any distinct political identity. 

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