Mises Wire

Lincoln and the Social Contract

U.S. History

Blog11/12/2021

Lincoln thought the possibility of secession gave minorities too much power. The solution for him was for the majority to coerce the minority, negating, through force, the minority’s withdrawal of its consent.

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Get Ready for the Socialist Calculation Debate Redux

World History

Blog11/12/2021

Ideas matter, but they matter when and because they are put into practice. We're seeing rising romanticism around central planning so we're going to have to refight the socialist calculation debate all over again.

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Why Biden's Vaccine Mandate Hasn't Delivered the Promised Results

Health

Blog11/11/2021

What would the effect of a 100 percent vaccination rate be on the virus? Contrary to claims, the virus will not disappear. The next outbreak would occur within a year with 100 percent breakthrough cases with a vaccine-resistant strain.

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China's Financial Bubbles Remind Us of Scams like Britain's South Sea Bubble

World History

Blog11/11/2021

It never ends well: to clean up mountains of bad debts, the Chinese regime has employed debt-for-equity schemes that could leave countless ordinary investors in deep trouble.

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Price Inflation Hits a 31-Year High as Janet Yellen Insists It's No Big Deal

U.S. Economy

Blog11/10/2021

Real wages fell in October as consumer prices, producer prices, and home prices all surge toward multidecade highs. But Janet Yellen isn't concerned. She says the Fed won't allow anything bad to happen.

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Military Conscription Is a Tool for Centralization, State Building, and Despotism

U.S. History

Blog11/10/2021

Support for federal conscription is contrary to principles of decentralization or a "limited republic." Early Americans would have viewed this Jacobin-inspired scheme with dismay and fear. 

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How Nigeria's Central Bank Inflates the Money Supply

Money and Banks

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

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Is College Worthwhile? A Two-Time Dropout’s Take

Education

Blog11/10/2021

Pursuing one’s dreams without a degree requires more self-discipline than serving four years on campus. One of Nietzsche’s best lines offers a warning: “He who cannot obey himself will be commanded.”

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