Mises Wire

Living by a Premise

Economic FreedomFree MarketsLibertarianism


More than forty years ago, Leonard Read urged graduates of Hillsdale College to find a premise, a belief in a universal idea of liberty.

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Libertarian Law by Democratic Means: The Power of Ideologies and Public Opinion

DemocracyWorld History


Mises had hoped that democracy would lead to free societies after World War II ended. He did not foresee the illiberal turn in the West in the last decade.

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Lincoln's Main Target Was "Anarchy" and Secession, Not Slavery

SecessionU.S. History


Once the Southern states accepted the Thirteenth Amendment, Lincoln was entirely content for the old Southern elites to resume their positions of power and for many blacks to continue in a condition little better than bondage.

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Low Rates of Military Enlistment May Portend Prosperity Ahead

AntipoliticsDemocracyEconomic PolicyWar and Foreign Policy


Low rates of military reenlistment in the USA are spun as a near crisis. Perhaps this situation should make us more optimistic about our future.

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Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority

PhilosophyPoliticsPolitical Theory


Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.

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Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again


Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street. 

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Loss of Religious Belief Is a Greater Loss for a Civilized Society



Secularists cheer the decline of religion in Western societies, but that loss comes at a huge cost: the decline of civilization itself.

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Lifting the Debt Ceiling Is Not a Social Policy

U.S. Economy


Printing and raising taxes are not social policies. It is profoundly anti-social, as it destroys the middle class and makes the economy weaker. Raising the debt ceiling is also extremely negative for the middle class because it means more taxes.

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