Mises Wire

Our Economic Illiteracy

U.S. History


The great economist Armen Alchian once observed, “Fortunately, societies have progressed despite almost universal ignorance of economic principles.” True.

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Odds Are Rising That the Fed Will Trigger the Next Bust

Booms and BustsThe FedMonetary PolicyMoney and BanksU.S. Economy


As the Fed "fights inflation" by increasing interest rates, its actions will not produce the hoped-for "soft landing," but rather the hard bust.

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Once More unto the Veatch

LibertarianismPoliticsPhilosophy and Methodology


Human rights is a term tossed around casually in our politicized age. Must there be a moral base to such rights, and how do we determine that morality?

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One Year Later in Ukraine: Washington and NATO Got It Very Wrong

U.S. History


The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else.  

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Objection, Professor Harari! Logic Proves the Existence of Free Will



Yuval Noah Harari, who teaches history at Hebrew University in Jerusalem, denies that free will exists. However, to deny free will is to deny human action itself.

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On Secession and Small States

Decentralization and Secession


So, if we're going to talk about secession, then, it's also important to explicitly address the issue of "what is the correct size of states." Is smaller better? 

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Obama's Forgotten Child Hunger Debacle



Barack Obama promised to "end child hunger" by 2015. Michelle Obama promised to end childhood obesity. Unfortunately, both increased in large part because of the Obama programs. Today, President Biden will declare war on "hunger in America." Stay tuned.

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On the Digital Future of Markets and Money

BitcoinCentral BanksInflationBusiness CyclesMonetary TheoryMoney and Banking


Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

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