Mises Wire

Some Conservatives Still Pine for the Good Ol' Days of Cannabis Prohibition

Legal System


The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes.

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Savings Are the Foundation of Economic Growth

World History


If people are to demand things in the market, people must first produce things. This production allows for savings, and ultimately, for economic growth.

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Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise



We've all hear the reports of inflation by now, but what about the shrinkflation going on?

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Secession and the Production of Defense

Decentralization and Secession


Jörg Guido Hülsmann examines the economics of guerrilla warfare and how secessionist movements can succeed against a larger state. 

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Salazar: The Dictator Who Refused to Die

World History


"I doubt whether there is today in any democracy … personal liberty as well secured as it was then in Portugal.”

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Sticks, Not Carrots: Vaccines Must Be Forced, Says Indiana University Health Chief



An Indiana University health officer laments that incentives such as access to events, donuts, french fries, and even hard cash are no longer moving many Americans to fall in line with vaccination.

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Since When Is a Half-Point Rate Hike (2 Years from Now) "Hawkish"?

Money and Banks


The Fed says rate hikes are at least two years away. A lot can happen in two years, and since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?

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Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle

Money and Banks


An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. 

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