Mises Wire

Has World War III Already Begun?

Economic PolicyThe FedWar and Foreign PolicyWorld History


The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime.

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Hail the Speculators! They Take the Necessary Economic Risks in Our Economy

The EntrepreneurStrategyU.S. Economy


Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty.

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How East Germany's Stasi Perfected Mass Surveillance

Big GovernmentBureaucracy and RegulationSocialismWar and Foreign PolicyWorld History


The East German secret police, the Stasi, developed the art of mass surveillance using pre-digital  methods. Modern tech now makes the job a lot easier. 

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How People Determine the Value of a Good

Philosophy and MethodologyValue and Exchange


In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value.

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How US States Could Pave the Way for Currency Competition

Economic PolicyGlobal EconomyInflationMonetary Policy


The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.

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Housing Prices Are Falling As Reality Sinks In

Booms and BustsThe FedBusiness Cycles


Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.

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How "Squatter Democracy" Created America's First Welfare Program

U.S. History


After 1820, growing numbers of propertyless squatters were voters, and this was an opportunity for politicians to offer cheap land in exchange for loyalty to the Democratic Party. 

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