Mises Wire

Governments "Sanction" Their Own Citizens Every Day. The Russia Sanctions Are Just a Natural Evolution.

War and Foreign Policy


The scale of the sanctions which Washington has imposed on Russia (and Russians) should not distract us from a crucial fact. What Washington is doing against Moscow is not rare. It is something that happens every day. 

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Gazing into the Fog of War Surrounding Ukraine

War and Foreign Policy


It's unlikely that Putin had no idea of the immense costs that he and Russia as a whole would incur in undertaking this war, so he likely believed the alternative would have been even more costly.

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George Hearst: Entrepreneur in the Mises Mold

Book ReviewsU.S. History


The reality is the primary quality of an entrepreneur can’t be taught: the stomach to risk everything and keep wanting more.  

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Germany's New Green Stimulus Plan Won't Save Their Economy

Taxes and Spending


Germany's government is pushing a new plan for massive spending on a "Climate Fund." This is justified with the usual Keynesian myths about the benefits of government spending.

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Global Governance versus Freedom and Free Enterprise

World History


Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank or the IMF. This is true even when the stated goal is advancing free markets.

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Get Ready for the Socialist Calculation Debate Redux

World History


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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GDP Tells Us Little about the Health of an Economy


If people decide to save rather than spend, this could lead to a fall in GDP, even though people are becoming better off beyond the short term.

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Governments Love Inflation, and They Won't Do Anything to Stop It

Booms and Busts


In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems.

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