Mises Wire

The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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The Constitution Failed

U.S. HistoryPhilosophy and MethodologyPolitical Theory

Blog07/03/2020

The constitution is a dead letter. The only way to save its ideals is to rebuild the ideology behind it — laissez faire liberalism — from the ground up.

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The Problem with Measuring "Consumer Sentiment"

Other Schools of ThoughtPhilosophy and Methodology

Blog07/03/2020

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

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The Disastrous Legacy of Woodrow Wilson

ProgressivismMedia and CultureU.S. History

Blog07/02/2020

Woodrow Wilson was an especially devoted white supremacist, even by the standard of his day. The Left is finally targeting Wilson for this, but Wilson's legacy is far worse than even the Left will admit.

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Thomas Sowell: Understanding Markets and Free Choice

Free MarketsSocialismU.S. History

Blog06/30/2020

Thomas Sowell has a gift for explaining how markets are simply the result of human beings making free choices. There is no single market answer to a problem. There are countless answers.

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The COVID Crisis Supercharged the War on Cash

Global EconomyMonetary PolicyMoney and Banks

Blog06/30/2020

The COVID panic gave the world's regimes a new reason to claim that physical cash should be outlawed. But this is just one of many strategies now in play to end the relative privacy and freedom cash provides.

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The Problem with Government "Contact Tracing"

Big GovernmentHealthTaxes and Spending

Blog06/29/2020

The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.

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The Irony of Marxist Class Consciousness

CapitalismSocialism

Blog06/27/2020

Marx believed truth could only be fully understood by a certain socioeconomic class. Ludwig von Mises disagreed.

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