Mises Wire

Rising Interest Rates May Blow Up the Federal Budget

Philosophy and MethodologyPolitical Theory


Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.

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Rothbard vs. the Religion of Progressivism

History of the Austrian School of EconomicsInterventionism


Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”

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Respect the Fed? No, End the Fed

Money and Banks


Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.

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Roots of Our Current Inflation: A Deeply Flawed Monetary System

Central BanksThe FedInflationBusiness CyclesMoney and Banking


It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

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Reckless Associations: The Ruling Class Creates New Legal Theory to Stifle Free Speech



The war on free speech has been given a boost by a new legal theory called "reckless associations," the "leaders" of an association that allegedly harms someone else are declared liable for that harm.

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Reparations for Government-Imposed Property Theft Are Justified and Necessary

ProgressivismProperty Rights


Reparations is a buzzword in the present political climate, but most plans involve an expansion of the welfare state. But there is a form of reparations that is legitimate.

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Real Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game


Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases.

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Russia's Invasion of Ukraine Is Just the Latest Expression of Pan-Slavic Authoritarianism

DemocracyWar and Foreign Policy


Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia.

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