Mises Wire

How We Will Win

StrategyPolitical Theory


We will win. But how long will it take, and at what price victory?

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How to Avoid Depressions? Foster Saving and Investment


Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.

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How Much Control Does the Central Bank Have over Interest Rates?

Money and Banks


The central bank can manipulate the interest rate to whatever level it desires. But it cannot control how the interest rate is dictated by each individual's time preference. That's a problem. 

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How the Classical Gold Standard Fueled the Rise of the State

Money and BanksU.S. HistoryWorld History


The classical gold standard brought the rise of central banks and state-imposed monetary "standardization."  This set the stage for later monetary disasters. 

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How Market Freedom Combats Economic Inequality

U.S. EconomyU.S. History


Joe Biden thinks that unless there's widespread government intervention in the economy, economic inequality "brews and ferments political discord and basic revolutions."

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How Governments Seized Control of Money

Money and BanksWorld History


It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it. 

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Housing Hubris: Can Home Prices Spiral upward Forever?

U.S. Economy


The causes of today's skyrocketing housing prices are different in many ways from what happened in 2008. But that doesn't mean we're barreling toward a happy ending.

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Homicide Rates in 2020 Surged to a 24-Year High. It's Another Sign of a Failing Regime.


Homicide rose at a remarkably fast rate in 2020. This may be a sign that the public is losing faith in the legitimacy of the regime. We see this from doubts about elections to outrage over riots and police abuse.

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