Mises Wire

How Washington Hawks Helped Create the New "Axis of Evil"

Big GovernmentPoliticsU.S. HistoryWar and Foreign Policy


Washington never sleeps when it comes to declaring new overseas enemies to destroy. The new “axis of evil” now consists of Russia, Iran, and China.

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Hostage Extraction Needs to be Privatized

War and Foreign PolicyWorld History


In the aftermath of Hamas's taking hostages in its conflict with Israel, the question arises: Who pays the ransom? State-financed payments lead to the worst outcomes and create moral hazards.

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How German Exports Lost the Race with China

Bureaucracy and RegulationEuropeGlobal EconomyWorld History


The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.

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Hamas, Israel, and the Collapse of the Fiat Global Order

War and Foreign PolicyWorld History


The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery.

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How the Fed Undermines Prosperity

Booms and BustsThe FedBusiness Cycles


The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.

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How To Prevent the Boom-Bust Business Cycle

Booms and BustsThe FedInflationBusiness Cycles


Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.

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How Paper Money Turns Governments into Predators

InflationMoney and BanksWorld History


Paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes.

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How Inflationary Money Causes the Affordability Crisis

The FedInflationMonetary PolicyU.S. Economy


The affordability crisis is upon us. Housing, food, you name it, life is becoming expensive. The government blames business, but perhaps government officials should look in the mirror.

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