Mises Wire

The Pentagon's Budget from Hell

Blog5 hours ago

Defense funding policies are increasingly influenced by weapons contractors who benefit mightily off the sweat and toil of the American taxpayer.

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Elizabeth Warren’s Contradictory Demands for Easy Money and Strict Financial Regulation

Bureaucracy and RegulationMonetary PolicyMoney and BanksProgressivismU.S. Economy

Blog8 hours ago

Elizabeth Warren blames lack of regulation for the latest banking crisis. But she believes that the easy money regime that is really causing the crisis is perfectly fine.

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Understanding the Difference between Praxeology and Psychology

Philosophy and MethodologyPraxeology


Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.

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Governments Can't Blame Inflation on Energy and Putin Anymore

Money and Banks


We are all poorer, even if headline price inflation is slightly lower. Slowing CPI growth does not mean lower prices, just a slower pace of destruction of the purchasing power of money.

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Is It Real Money or Just Artifice?

Monetary PolicyMoney and BanksMonetary TheoryMoney and Banking


Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.

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Politics Is Turning Us into Idiots



From race to gender to nearly everything else, decisions about what is correct or incorrect are made according to politics. This is a recipe for social destruction.

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Why Most of the World Isn't on Board with the NATO-Russia War

AntipoliticsWar and Foreign Policy


Many governments support continuing the Ukraine war, but ordinary people in Europe, America, and the developing world fear the war will bring economic disaster. 

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Is the Fed Trying to Bail Out the World? Sure Looks Like It

Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy

Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.

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