Mises Wire

Comparing Latin America's Economic Models: Left vs. Right

Economic FreedomWorld History

Twenty-first-century socialism, which has been so popular in Latin America for many years, has failed in a way that mirrors the failure of twentieth-century socialism in other parts of the world.

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Colonial Exploitation Did Not Fuel the West's Economic Development

PovertyWorld History

Blog08/29/2020

The West did not need resources from "Third World" colonies to attain economic development. In fact, colonialism was a result of the West's development, and not its cause.

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Cato's Letters on the "Loveliness and Advantages" of Political Liberty

U.S. HistoryPolitical Theory

Blog08/15/2020

As Ronald Hamowy put it, Cato's Letters is “unmatched for its breadth and vigor in the literature of the period.”

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Calculating GDP Correctly

Other Schools of Thought

Blog08/12/2020

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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Could the Economy Survive a W-Shaped Recovery?

Big GovernmentEconomic FreedomHealth

Blog07/17/2020

More threatened COVID lockdowns, and thus more bailouts and explosions of deficit spending, do not bode well for the global economy. 

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Collecting Old Coins Taught Me to Never Trust the Government

Monetary PolicyU.S. History

Blog07/02/2020

Old coins vaccinated me against trusting politicians long before I grew my first scruffy beard. I began collecting coins when I was eight years old in 1965, the year President Lyndon Johnson began removing all the silver from American coins.

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Central Bankers Will Bring Us Economic Stagnation

Financial MarketsGlobal EconomyMoney and Banks

Blog06/22/2020

Central bank policies that rely on ultralow interest rates have been shown to bring economic stagnation. Unfortunately, central bankers don't seem to have any other ideas.

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Covid Lockdowns Crippled the Division of Labor, Setting the Stage for Civil Unrest

InterventionismPhilosophy and Methodology

Blog06/20/2020

The division of labor promotes peaceful exchange and continues peace. But this can all break down when governments intervene to prevent peaceful interaction and when government incompetence promotes violence.

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