Mises Wire

Was Gustave de Molinari an Anarchist until the Very End?


Did Molinari change his anarcho-capitalist views later in his life? We find some insights into his personal thoughts through his letters and interviews.

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Why Beltway Conservatives Hate the Trump Populists


In 2016, establishment conservatives went "all in" on defeating Trump. But they lost, and as a result lost control of the conservative movement and the GOP. 

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Why Governments Hate Decentralization and "Local Control"


Decentralized societies that value local customs, institutions, and governments are obstacles to the expansion of the regime's power. Not surprisingly, central governments do all they can to destroy this.

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Why Government Stimulus Sometimes Looks like It Revives the Economy

Booms and BustsInflationOther Schools of Thought


Even when an economic bust appears, there may still be enough real savings in the economy to quickly put the economy back on track. This is what brings economic recovery, not artificial "stimulus."

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When Governments Confiscate Wealth to Fund Government Programs


When governments subsidize projects, citizens pay twice—once as taxpayers who indirectly pay the subsidy, and then again as consumers in higher prices for the goods they buy and in reduced consumption.

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Why Central Bank Digital Currencies Are a Bad Idea


The reasons why digital currencies are a bad idea are the same reasons why central banks are sure to implement them.

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Why Marx Never Figured Out How to Distribute Goods in a Socialist Society

Calculation and KnowledgeSubjectivism


Contra Marx, Mises understood that human desires and needs are not determined merely by biology. 

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