Mises Wire

The Second Housing Bubble of the Twenty-First Century Is Over

U.S. Economy


Prices are an intersection of human expectations, actions, hopes and fears. I like to ask audiences, “How much can the price of an asset change?” My proposed answer: “More than you think.”

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The Great Leap Backward*

Economic PolicyProgressivismSocialismWorld History


More than sixty years ago, Mao launched the disastrous Great Leap Forward. Progressive elites today are trying to force GLF II in the form of the Great Reset. If implemented, it will be even more disastrous than Mao's original folly.

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The Economic Super Bowl: 1920–21 versus 1930–31

Booms and BustsEconomic PolicyThe FedHayekBusiness CyclesGold Standard


By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?

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The Tea Party, Fifteen Years Later

AntipoliticsCorporate WelfareStrategy


Ah yes, the Tea Party. Fifteen years after it was established by followers of Ron Paul, the so-called antiestablishment organization has been co-opted by establishment Republicans. Dale Steinreich is not surprised.

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The Fed's Powell Admits "I Don't Know What We'll Do" in 2023

U.S. Economy


The Fed is winging it, but most on the FOMC believe only two more rate hikes are in the works, and then it's back to flooding the market with easy money. 

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Tax Cuts Do Not Cause Inflation. Printing Does.

Money and Banks


Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.

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The "Barbarous Relic" Helped Enable a World More Civilized than Today's

KeynesMonetary PolicyGold Standard


John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.

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The World Needs More Energy and Less Energy Regulation

Bureaucracy and RegulationFree Markets


Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation.

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