Mises Wire

Social Justice and the Emergence of Covid Tyranny

Media and CulturePhilosophy

Blog15 min ago

The covid regime has extended and deepened the epistemic crisis inaugurated by postmodernism and practical postmodernism. Science has devolved into a series of non sequiturs backed by force. Science has become postmodern.

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Shakespeare Helps Us Understand Rome's Descent into Empire

Book Reviews

Blog5 hours ago

In Shakespeare’s Rome, Cantor helps us to understand why Shakespeare was not only a great writer but a great political thinker as well, and that is no mean achievement.

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The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price

Money and Banks

Blog09/15/2021

Petrou's new book on monetary policy details how the Fed's turn toward QE and ultralow interest rates have done wonders for billionaires while impoverishing millions of ordinary people. 

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What They Really Mean When They Say "Do the Right Thing"

U.S. History

Blog09/15/2021

When a politician says "do the right thing," what he means is "do what I say, or else." 

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Can Economic Data Explain the Timing and Causes of Recessions?

Money and Banks

Blog09/15/2021

Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy.

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War Has Declined in the West Because War Isn't "Worth It" for Rich Countries

World History

Blog09/14/2021

Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world. 

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The Political Alchemy Called Modern Monetary Theory

Money and Banks

Blog09/14/2021

MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.

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Using the "Natural Interest Rate" In Setting Monetary Policy Is an Impossible Dream

Blog09/13/2021

Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is. 

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