Mises Wire

Why the Federalists Hated the Bill of Rights

U.S. History


The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal antinationalists at least had a fighting chance. 

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What They Really Mean When They Say "Do the Right Thing"

U.S. History


When a politician says "do the right thing," what he means is "do what I say, or else." 

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War Has Declined in the West Because War Isn't "Worth It" for Rich Countries

World History


Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. 

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Why the Fed Is So Desperate to Hide Price Inflation


The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression. 

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What Texas's Unilateral Immigration Policy Tells Us about Washington


What we’re beginning to see is policy ghettoization, wherein states pass laws that the most fervent activists on the left and right, respectively, cannot enact at the federal level.

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We Don't Need a Central Bank to Deal with Changes in the "Demand for Money"

Money and Banks


Just because the demand for money changes over time doesn't mean we need a money supply that changes over time also. 

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When a Fallacy Isn't Really a Fallacy

Book ReviewsPhilosophy


Michael Huemer has written outstanding book exposing many of the ways that many people fail to misunderstand logical fallacies in many ideological debates today. 

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

U.S. Economy


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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