Mises Wire

Grover Cleveland Presented the Best Example of a True Liberal Populist

Economic PolicyU.S. History

Blog12/22/2022

While some politicians preach populism, that usually means protectionism and increased business regulation, along with high marginal income tax rates. Grover Cleveland showed a better way.

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Governments Policies Channel Heraclitus, Not Einstein

Bureaucracy and RegulationCronyism and CorporatismEconomic PolicyProgressivism

Blog12/21/2022

When speaking of government actions, Einstein's alleged definition of insanity comes to mind. But no one does exactly the same thing twice, per Heraclitus. In the end, however, government action is doomed for failure.

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Global Rate Hikes Hit the Wall of Debt Maturity

U.S. EconomyU.S. History

Blog12/16/2022

For decades, central banks have encouraged ever larger mountains of debt. But now the debtors face big problems as interest rates rise. Families and small business will pay the price.  

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Gold as Natural Money

Gold Standard

Blog10/19/2022

Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts).

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Government Malinvestment Is Endemic and Ceaușescu's Socialist Romania Excelled in It

SocialismThe Police State

Blog10/04/2022

The former Romanian dictator Nicolae Ceaușescu not only arrested and murdered political opponents but also misdirected vast sums of money toward socialist schemes that failed, leaving Romanians even worse off.

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Genuine Recovery Is Up to Investors, Producers, and Consumer Choice

Booms and BustsFree Markets

Blog09/27/2022

Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.

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Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch

Global EconomyStrategyWar and Foreign Policy

Blog09/19/2022

At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens.

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Government Intervention into International Currency Exchange Rates: Japan as a Case Study

Central BanksFinancial MarketsStrategy

Blog09/15/2022

Most government intervention into currency exchange rates create more problems than they solve. Japan's lost decades are a prime example of what can happen.

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