Mises Wire

The End of the Sound Economy

Money and Banks

Blog08/16/2021

“We crossed the Rubicon in 2008. We crossed a different Rubicon in 2020. And we're never going back. And so, recessions are not allowed." The money mandarins will do everything they can to prop up asset values. Forever.

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This Is How Savings and Investment Pave the Way for an Advanced Economy

Money and Banks

Blog08/14/2021

Modern economies produce a seemingly endless supply of goods. But without the "subsistence fund," built on saving and investment, the mountain of goods we take for granted would be impossible. 

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The Crime of '71: When Nixon Ended the Dollar's Last Connection to Gold

U.S. History

Blog08/13/2021

Nixon's decision to end the gold redeemability of the greenback was probably the most comprehensive act of monetary expropriation of modern times.

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The Great Keynesian Coup of August 1971: Fifty Years Later

Money and Banks

Blog08/10/2021

The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today. 

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The Old Right on War and Peace

War and Foreign Policy

Blog08/09/2021

"The state cannot intervene in the economic affairs of society without building up its coercive machinery, and that, after all, is militarism. Power is the correlative of politics." ~Frank Chodorov

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The Seen and the Unseen of Government R&D

U.S. History

Blog08/09/2021

While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.

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The Role of Intellectuals and Anti-intellectuals

Media and CulturePolitical Theory

Blog08/04/2021

How can anyone get away with controlling a state? Why would others put up with such an institution?

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The Moral Law versus Tyranny

World History

Blog08/03/2021

Is there any law beyond civil law? What do we mean when we say “law” in a particular context? What are the current limitations on law? What should the limits on law be? Bastiat and Leonard Read help provide answers. 

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