Mises Wire

Yellen: "Recession" Doesn't Mean What You Think It Means

U.S. Economy


With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."

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Yes, They Were Socialists: How the Nazis Waged War on Private Property

Cronyism and CorporatismSocialism


The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the USSR.

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You Support Ukraine's Independence? Then You Support Secession.

War and Foreign Policy


In 1991, Ukrainians held an election and voted for secession. Today we’re supposed to cheer that. But to suggest something similar for a region of the United States? Well, we’re told that’s just plain wrong.

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Yes, the US Has Its Own "Sphere of Influence." And It's Huge.

War and Foreign Policy


Washington now claims to reject the idea of "spheres of influence" and pretends its own sphere of influence doesn't exist while demanding all nations fall within a US-dominated global order.

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Yes, They Are Coming for the Oil Companies


The Biden administration will use the SEC to squeeze oil and gas companies on "climate risk." As is typical for progressive schemes that drive up the cost of living, the working classes will suffer the most.

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Yellen Is Wrong. The US Government Doesn't Always Pay its Debts.

Money and BanksU.S. History


Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.

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You'll Be Shocked the Learn There's Corruption at the Fed

Money and Banks


Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.

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Yet Again, the Media's Covid Narrative Doesn't Add Up

U.S. History


States with long-lasting lockdowns, covid restrictions, and even mounting vaccine “incentives” have still been hit harder than more laissez-faire states in many cases, even after the virus has had eighteen months to spread well beyond the borders of the initial hot spots.

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