Mises Wire

From Diseases to Recessions, Government Failure Is Endemic

World History


As with economic policy to "cure" recessions, the authorities’ health response is good at crippling markets, but never delivers what is promised. 

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Four Reasons the Next Recession Will Be Worse Than the Last One


Economic fundamentals are weaker today than when the Great Recession began. And the Fed has less room to maneuver. This suggests the next crisis will be even bigger than the last one. 

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Forced Vaccinations in France Bring Both Repression and Protest

World History


Macron says vaccines are not compulsory for the general public for now, but they are essentially required for anyone who wants to live a normal life. 

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Fiat Money Economies Are Built on Lies

Booms and BustsMoney and Banks


The public usually doesn't understand how fiat money expansion benefits the regime at their expense. The regime likes it that way. 

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From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money

Money and Banks


Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. 

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Fannie and Freddie Are Just Government Agencies. They're Likely to Stay That Way.

U.S. History


Fannie and Freddie were long quasi-government corporations that typified the corrupt union between the feds and corporate America. But now it looks like both companies are just full-on government corporations. 

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Forget Hemlines. Mom Jeans Are Now an Economic Indicator.

Booms and Busts


Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy. 

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Fed Transparency Won't Get Us out of the Mess the Fed Created

Money and Banking


There is much talk these days about Fed "transparency" easing the effects of monetary policy. But it is not possible to deflate the present gigantic monetary bubble without a severe economic bust, and a policy of transparency employed by the Fed cannot prevent the inevitable bust.

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